Intro rate home loans
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ALSO known as a honeymoon rate, this low interest rate is offered at the start of a loan to get the borrower started. After a set period the rate converts to a standard rate. Rates can be fixed or capped.
Advantages
1. Normally the lowest available rates.
2. Opportunity with a lower rate to pay down the principal quickly.
Disadvantages
1. After a set period the rate converts to a standard rate.
To check out the latest intro home loan rates click here.
Let a ratesonline broker contact you about an Introductory or Honeymoon Rate Home Loan.
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