Types of Home Loans

There are many types of different home loans available. They have different fee structures, features and interest rates. Below is a list of the different types of Home Loans. Click on each one for a brief explanation.

  • Standard variable loan - Includes Basic, Standard or Revolving Line of Credit products

  • Basic/No Frills loan - Similar to a Variable Rate loan, but without features

  • Fixed rate loan - “Lock in” the interest rate for a predetermined period of time

  • Introductory loan - Also known as a honeymoon rate loan

  • Offset accounts - A facility linked to a loan account

  • Low doc loan - No tax returns or financial reports are required

  • No doc loan - Not required to prove actual income

  • Line of Credit - Effectively like a giant overdraft

  • Non Conforming loans - Help borrowers who do not meet standard lending criteria

  • Construction loans - Ideally suited if you are planning on building your own home

  • Relocation loans - Buy your new property before you have sold the existing one

  • Equity loans - Borrow money against equity built up in your home

  • Reverse Mortgages - For people 60 years and over with equity in their property
    		• Pre-Approval Seniors Loans Home Loan Checkup
    But which type of loan suits you?


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