However, it does offer lower interest rates than a standard variable home loan. Basic variable home loans are usually quite popular with first home owners who don’t need all the features of a standard variable home loan, but want a competitive interest rate.
Advantages of a Basic Variable Home Loan
Disadvantages of a Basic Variable Home Loan
You should seek pre approval before entering into an owner builder arrangement. The reason is simple, building is a complex excerise requiring good co ordination and technical skills.
Lenders are aware of the complexity owner builders face, and the possibility of costs over runs. This comes primarily from in-experience with managing this type of project. Hence most lenders are not generous when it comes to lending at high LVR’s on an owner builder loan.
Our mortgage broking is second to none. Don’t waste your time and money running around from bank to bank, sifting through ambiguous loan offers only to find they don’t work. Take advantage of our expertise and let us find the right loan or finance to suit YOUR needs.
Credit Card Calculator
Reverse Mortgage Calculator
Income Annualisation Calculator
Income Gross Up Calculator
Savings Goal Calculator How Long to Save
Savings Goal Calculator How Much to Deposit
Fortnightly Repayment Calculator
Mortgage Switching Calculator
Rent vs Buy Calculator
Borrowing Power Calculator 2 (Gross Income)