Introductory Home Loans

Home Loans for Perth, WA residents

Introductory Home Loans are also known as 'Honeymoon' Loans; contact Ray Backhouse Lifespan Financial Services in Perth WA for specific brand product information. These loans are Standard Variable Home Loans that offer a discounted interest rate for an introductory period, which is commonly 12 months.

Guaranteed Rate

When the rate is guaranteed, it is fixed for the introductory period. During the introductory period extra repayments are limited and all the other Standard Variable Home Loan features are not available until the fixed introductory period expires.

Discount Rate

When the rate is discounted it is still variable, and is subject to rate increases and decreases. However, the rate is always below the standard variable rate by the amount of the discount.

Introductory loans provide you with a head start on paying off your home loan. At the end of the introductory period, your loan reverts to the Standard Variable Home Loan. Or if you like, you can choose another home loan option. Introductory Home Loans are only available for new loans and attract a penalty for repayment of the majority of the loan within 5 years.

Introductory Home Loans

Home Loans for Perth, WA residents

Guaranteed Rate

Discount Rate

Information

Calculators