Selectabroker works with fully qualified financial consultants from all over Australia, each of whom is committed to providing our clients with the highest level of customer service at all times. If you would like to buy a property and are looking for the best deal on a new mortgage, fill in the form on this page or call us on our toll free number to discuss your requirements. We will find a consultant in your area who will be happy to meet at a convenient time and location to go through your options and explain the pros and cons associated with variable rate finance.
Briefly, loans with a variable rate of interest offer borrowers more flexibility when it comes to early repayments and if the Official Cash Rate should fall after you have purchased your new home, your repayments will also fall. Many lenders allow customers with such mortgages to make unlimited extra payments, enabling them to reduce the overall expense of their house purchase in the event that their income increases substantially after borrowing the money. The faster you repay this type of mortgage, the less interest you will be charged, which is why many people prefer variable rate loans.