A honeymoon loan – also known as an introductory loan – offers a reduced interest rate for an introductory period. By choosing a honeymoon loan, you will pay less in interest over the first six to twelve months, after which time, the interest rate will revert to a rate specified by the lender.
If you choose a honeymoon loan, you can take advantage of the low introductory rate to pay off more of your home loan while paying less in interest. This could help you reduce your home loan significantly, shaving years off your home loan if you manage to pay off enough during that intro period.
Anyone who chooses a honeymoon loan should always be aware of what interest rate their home loan will attract when the introductory period ends. Compare home loans options to find out which home loan will work best for you.
Why choose Lend Me?
When you choose Lend Me, you are not alone. We make it our business to make the home loan process as easy as possible, helping you to work out what you need, searching for the best home loans Australia has to offer, and then helping you through the often complicated application process.
When we search for home loans, we cut out that time-consuming search for you. We search the best home loans on the market, from smaller lenders all the way through to the big banks. Each lender has its own way of doing things, so we make sure you do it their way, increasing your chances of getting the home loan you want.
When you choose Lend Me, we come to you, any time anywhere in Perth! We provide you with a one-stop shop for all your lending questions, and will happily guide you through each step – from application to approval.
For more exact expert advice, please get in touch with our team today.