Honeymoon Rate Home Loan

A honeymoon rate offers a cheaper introductory rate for a period of time (generally the first year). It will provide a discounted rate in the first year but then reverts back to the normal variable rate in the second. A honeymoon rate offers a good deal for the first year but may not offer you the same flexibility like a standard variable does with free redraw, internet banking and the like.

In certain circumstances a Honey Moon rate home loan is the way to go. Each and every customer has different requirements and objectives. An IHL broker will go through the pros and cons and will advise based on your scenario the best way to move forward.