A number of different types of home loans are available. The one that is right for your needs will depend on your circumstances, but usually, most lenders offer several different types of home loans.
Remember, the different types of home loans each have various features that appeal to different borrowers. The key is to have the type of home loan that is right for your circumstances.
The main types of home loans
Let’s compare the different types of home loans available and their pros and cons.
When considering a home loan, there are various loan types to choose from, such as variable interest rate loan (standard and basic), fixed interest rate loan and Line of Credit (equity loan). See below for detailed descriptions for each type of home loan.
Different types of home loans in Australia
Bridging loan
Construction loan
Fixed vs variable home loan
Interest only home loan
Introductory loan
Home loans on pensions – age & disability
Line of credit loan
Low doc loan
Non-conforming loan
Self employed home loans
Split rate (principal and interest) loans
Variable (principal and interest) loans
