Variable Home Loans
For a great deal on a Variable Home Loan, Debt Monster is the right place to shop.
We are a fully professional finance broker with access to some of the best variable home loan rates out there – and we want to help you find the amazing deal you’re looking for. What’s more, Debt Monster is offering a FREE holiday to Bali or Thailand for every home loan or refinance over $150,000!
What is a variable rate home loan?
Variable mortgages are Australian borrowers’ favourite option for home loans. A variable home loan is a mortgage whose interest rate changes according to the Australian Official Cash Rate (OCR). This type of home loan is a popular loan option because it offers more flexibility than a fixed rate mortgage. The standard variable home loan rate is usually around the 5% mark but, of course, will vary.
Why choose a variable rate home loan?
Variable home loan rates offer more freedom than fixed home loans, because they include more features, such as the option to make extra repayments when you choose. If you have a variable rate mortgage, you will save money when the OCR falls. However, you also need to be prepared for the prospect of the interest rate rising. And increasing your monthly repayments.
Why choose Debt Monster?
Debt Monster is a professional finance broker with the ability to compare hundreds of home loan rates from various banks and financial institutions all over Australia. It is always advisable to do your own research – but remember, this may not necessarily get you an awesome variable home loan rate. You wouldn’t go to another town and pay more for the same car or the same pair of shoes – and there is no reason to spend more money on your variable home loan either if it can be helped. And Debt Monster can help!
If your Mortgage Broker is not giving you a free holiday you need to ask yourself, “Why am I not using Debt Monster?”
We give away free holidays to every home loan or refinance over $150,000*.
Our Best Home Loan Rate
AVAILABLE FOR VERY LIMITED TIME
*The comparison rate is based on a loan of $150,000 for a term of 25 years. WARNING. This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.