Residential Loans
Residential loans are home loans that exist for residential purposes as opposed to commercial gain and are available to those who are buying their own home, purchasing a block of land or building a home to live in. There are two main types of residential home loans available to choose from, depending on your needs:
- Variable residential home loans: This type of loan offers a variable interest rate which generally changes as the Reserve Bank of Australia’s (RBA) cash rate moves.
- Fixed residential home loans: With this type of loan the interest rate is fixed for a certain term, usually up to 10 years.
Residential home loans can also feature a combination of part of the loan fixed and part a variable rate. We can help you to find the best loan to suit your individual needs so please call us on 0416 048 650.