Find out what many of the different home loan options available and what they mean
A standard variable rate home loan has a fluctuating rate. This generally moves up and down in line with changes to the economy.
Variable or flexible rate home loans
A fixed rate mortgage gives you the security of knowing your minimum mortgage repayments and won't alter for the term of the fixed rate period.
Fixed interest rate home loans
A split home loan helps you take advantage of the best aspects of fixed and variable rate home loans
Split home loans
Interest only home loans are mortgage loans in which you only pay the interest due on the mortgage each month, for a fixed term.
Interest Only home loans
Professional packages aren't just for professionals or high income earners, they offer additional benefits from the lender.
Professional Package home loans
A ‘no frills’ home loan, a low interest or basic home loan has the lowest associated running costs because it simply has fewer bells and whistles.
Low rate or no frills home loans
At Choice we understand the home loan market can be confusing.
That's why our unique comparison tool makes it easy to compare home loans from a range of lenders.
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Construction loans consist of set of payments for the different stages of the build until your house is complete.
Building or construction home loans
If you’ve paid off a significant amount of your home loan, a home equity home loan could unlock a range of new opportunities.
Home equity loans
Renovating your home can be an excellent way to increase its overall value and give your home a new, fresh look.
Home improvement loans
If you have multiple debts, especially credit cards or personal loans, it may be wise to consolidate them into one loan with a lower interest rate.
Debt consolidation loans
You've found the perfect new home but you’ll need to sell your existing home first, there is a solution known as a bridging home loan.
Bridging home loans
Not everyone meets the lenders’ ‘standard’ criteria, but that doesn’t mean they’re unable to get a home loan.
Low doc home loans
Getting into the property market when you only have a small deposit can be difficult, Low deposit and Guarantor home loans may be an option.
Low deposit or Guarantor home loans
What if you don’t meet the lending criteria of your local bank? A non-conforming home loan might just be the solution.
Non-conforming home loans
If you’re looking to expand your company or buy a competitor or purchase new premises, a business loan could be the solution.
Australian business loans