A Variable Loan means that the interest rates will fluctuate (go up or down) in accordance with RBA (Reserve Bank of Australia) interest rates. In the past, redraw facilities, salary crediting, eftpos, internet banking, phone banking and a host of other features were predominantly only available with professional pack loans or LOC style loans. This is no longer the case.

Discount Variable Home Loan

Advantage Home Loan

Flexi Choice Home Loan

Standard Variable Home Loans

You can never be locked into any loan by any lender!

(This means that irrespective of being in a fixed rate loan or a variable rate loan, you can leave that lender by paying their indicated break fee. It is often the case that break fees are less than the benefits received by switching to a better loan product.)

The Australian Home Loan Industry boasts in excess of 3,000 loan products, options and variations. Mortgage Buddy as a true Mortgage & Finance Broker can assist you with the majority of these various home loan options.