Introductory Variable Interest Rate

What is an Introductory Variable Rate Home Loan?

When you are repaying a home loan you want to make sure you are getting all the help possible and an introductory variable interest rate can make it easier in the beginning, guaranteeing you lower repayments as you ease into repaying your new mortgage. Of course while an introductory low interest rate can help you out in the first few months or years of your loan, it can also become a burden if you don’t plan for the end of the low standard variable rate period.