Home Loans - Interest Only Loans
home loans, home loans australia, mortgages, home refinance loans, home loans, mortgage brokers australia -  web home loans

 

  
 web home loans
...something else to do in bed

HOME LOANS  Variable Home Loans Fixed Home Loans Interest Only Loans Line Of Credit Low Doc Home Loans Self-employed Home Loans Upgrading Your Home Loan Construction & Renovation

MORTGAGE REFINANCE  Why Look At Refinance Bad Credit Refinance Mortgage Refinance Tips Equity Loans Debt Consolidation

FIRST HOME BUYERS   First Home Buyer Grant FHB Savings Account FHB Stamp Duty Finding Your Perfect Home Making An Offer On A Property

 

How Much Can I Borrow Mortgage Calculator Home Loan Glossary Home Loans FAQ

 

Interest Only Loans

Most lenders offer interest only home loans where, for the first 5 years you only need to make interest repayments on your mortgage.

After the first 5 years, sometimes it is possible to renegotiate an additional interest only period. However your eligibility for this option will depend on how much you wish to borrow.

For example, applicants looking to borrow 95% of the purchase price are unlikely to find a lender prepared to offer an interest only option on such a home loan.

Interest only payments will reduce your minimum required payments right down to the bone, however it may still be possible for your to make extra repayments to reduce your loan balance during the interest only period. If this is a loan requirement, please confirm before committing to a home loan.