Why Choose a Standard Variable Rate Loan?
Standard variable rate loans are commonly chosen by borrowers who want flexibility and access to useful loan features.
These loans may suit:
- First home buyers looking for flexible repayments
- Homeowners refinancing an existing loan
- Borrowers who want to make extra repayments
- Investors managing cash flow
- Borrowers comparing options against fixed rate loans
We help you assess whether a variable rate loan is the right fit based on your situation and plans.
Key Features of Variable Rate Home Loans
One of the main advantages of standard variable rate loans is flexibility.
Depending on the lender, features may include:
- Ability to make extra repayments without penalties
- Redraw facilities to access additional repayments
- Offset accounts to reduce interest
- Flexible repayment frequency options
- Ability to refinance or restructure more easily
Our team helps you compare lenders based on both rates and features, not just headline pricing.
Standard Variable Rate vs Fixed Rate Loans
Choosing between fixed and variable is one of the most important loan decisions. Understanding how standard variable rate loans compare with fixed rate loans can help you choose the right structure for your financial goals.
Standard Variable Rate Loans
- Interest rate can go up or down
- Flexible features such as offset and redraw
- Ability to make extra repayments more freely
Fixed Rate Loans
- Repayments stay the same for a set period
- Protection against interest rate increases
- Less flexibility in some cases
Some borrowers choose a split loan to combine both options.
We help you compare fixed and variable structures to find the right balance for your needs.
Things to Consider With Variable Rate Loans
While variable rate loans offer flexibility, there are a few things to keep in mind:
- Repayments may increase if interest rates rise
- Loan features vary between lenders
- Some features may come with additional fees
- Rates can change over the life of the loan
Understanding these factors helps you make a more informed decision.
How We Help With Standard and Variable Rate Loans in Perth
As a mortgage broker in Perth, we help borrowers compare standard and variable rate loans from multiple lenders rather than relying on a single bank.
Our team helps with:
- Compare variable rate home loan options
- Assess borrowing capacity
- Understand loan features and structures
- Structure your application correctly
- Manage the process through to approval
With over 20 years of experience, we help you secure a loan that fits your financial situation with no broker fee.
Speak With Our Team About Variable Rate Home Loans in Perth
If you are considering a variable rate home loan, it helps to compare your options before making a decision.
Speak with our team to explore standard variable rate home loan options in Perth and find a loan that suits your needs.