If you are looking for lower repayments in the early years of your home loan, then an Introductory/Honeymoon Rate Loan might be the best option for you. Benefits include:
First home buyer loan rates have a special discounted variable or fixed rate available for the first and sometimes second year of the loan. Drexel offers borrowers the option of a variable rate that has a set discount rate, which is set below the standard variable rate for the first year. This is followed by an ongoing discount variable rate in the subsequent years.
The value of our Honeymoon/introductory rate loans allows you the security of knowing that there will be no change in the interest rate you are paying plus you receive a discounted introductory rate.
