Standard Variable Home Loans
Standard Variable Rate Home Loans typically offer you maximum flexibility and great features, including the option to fix or split your loan, the ability to make additional repayments when you can afford to, and the option to redraw these funds for any purpose when you need to. Offset accounts, direct salary crediting and all other options exist with these home loans and usually free of charge. Standard Variable Home Loans usually offer loan terms up to 30 years, allow weekly, fortnightly or monthly repayments.
Frequently asked questions from our clients regarding Standard Variable Home Loans:
Question: |
What sort of fees should I be paying for a Standard Variable Home Loan? |
Answer: |
Application fees for Standard Variable Home Loans range from $0 to $800 but lenders often waive application fees for Standard Variable Home Loans as special offers. |
Question: |
Who can access these Standard Variable Home Loans? |
Answer: |
Owner occupied or investment residential property purchases, refinancing existing loans. |
Question: |
What can't a Standard Variable Home Loans be used for? |
Answer: |
Construction or development purposes. |
Question: |
What is the minimum and maximum amount I can borrow with a Standard Variable Home Loan? |
Answer: |
Range from $50k - $3m. |
Question: |
What's the maximum amount I can borrow with Standard Variable Home Loans? |
Answer: |
Lenders are happy to lend 100% of the purchase of a property |
Question: |
What's the maximum loan period available for Standard Variable Rate Home Loans? |
Answer: |
30 years. |
Question: |
How often can I make payments towards my loan? |
Answer: |
You can repay your Standard Variable Home Loan weekly, fortnightly or monthly. |
Question: |
If my financial situation changes, can I fix my Standard Variable Home Loan? |
Answer: |
You can choose to fix all of your Standard Variable Home Loan, or only a portion of your loan and keep the balance at a variable rate - maintaining your total flexibility. This can be done at any time at no cost with some lenders. |
Question: |
Can I split my Standard Variable Rate Home Loan? |
Answer: |
You can have up to 4 separate loan accounts under one facility, each with separate loan statements |
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