Have you heard about honeymoon rate or introductory rate home loan? Generally, honeymoon loan offers you a highly discounted interest rate for the first one to three years, and then it will revert to a higher interest rate after the completion of honeymoon period. Use this calculator to find out the impact of the honeymoon rate offer on your home loan.
Need more information & help to put a strategy to get the best out of honeymoon loan offer? Please fill in one of our contact us form or call us on 1300 551 334. One of our experienced finance brokers will happily assist.
Honeymoon Loan Calculator
Frequenly Asked Questions
What are the requirements
for getting a home loan?
Maximum loan you can borrow is 97% of property value. So you will need 3% of purchase price plus costs. e.g. Stamp Duty, Lenders Mortgage Insurance, Bank Fees, Legal Fees etc. Find out in Detail>>
Every lender & bank has their own borrowing capacity calculator. Which will take account of your income, living expenses, credit card limits & all other financial commitments to
calculate how much maximum they can lend you. Find out in Detail>>
How much money can I borrow
from the bank?
How much money should I have in the begining to buy home?
Generally speaking, regular income, good credit history & enough saving for 3% deposit of purchase price plus costs e.g. stamp duty, lenders mortgage insurance, legal fees etc. is the key requirement to get a home loan approved. Find out in Detail>>