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Variable Home Loan

Variable Home Loan

A variable home loan changes when there are interest rates increases or decreases. Interest charged depends on your outstanding balance of your home loan. Interest is calculated on your daily balance with variable rate home loans.

Variable rates have flexibilty and features that may not always come with a fixed rate home loan. Some features may include 100% offset account, redraw facility and the abiity to make unlimited additional repayments.

If the market interest rate reduces then generally your variable loan rate may as well. This lowers the rate of your repayment.

You have the option of paying your home loan weekly, fortnightly or monthly which allows you to fit in with your budget. Paying weekly or fortnightly can also reduces the interest you are charged on your home loan.

How do you know if a variable rate home loan suits your needs? Contact us to discuss


Your Home Your Mortgage:
A Home Buyers Guide

Your Mortgage Your Options:
A Home Owners Guide To Refinancing



From the moment you turn the key in the lock and take those first few steps through your new front door, the feeling of owning your own home is second to none.

Your Home Your Mortgage aims to arm home buyers and investors with essential know-how and proven techniques to ensure you avoid the common pitfalls of financing a property.


There’s no question the current mortgage environment is one of the most competitive in our nation’s history.

Refinancing provides Australians with a platform to get a better deal on their current mortgage, many of which may have been locked in some years ago at interest rates well above what’s on offer in today’s competitive market.



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Any advice on this website does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. Before making any decision in relation to a Better Choice product, you should read the relevant disclosure document. All rates and fees quoted in our products are indicative only and can change dependent on your personal circumstances. Conditions and fees apply.

Comparison rate is based on a loan of $150,000 principal over a 25 year term. The Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.

Better Choice Home Loans Pty Ltd & Better Choice Commercial (a division of Better Choice Home Loans Pty Ltd) 2000- ABN 79 095 728 868 | Australian Credit Licence 378333