Every type of home loan comes with varying interest rate options. Usually the home loan rates are categorised as fixed and variable rates. As the name suggests, a fixed interest rate will keep the charges fixed as per the bank’s repayment policy. No matter what changes occur, the rate and repayment amount will never change. This usually helps our customers to budget their expenses better. Choosing a variable interest rate is not a bad option. You can always ask the bank to reduce the interest amount if there is a dip in the overall interest rate that the Central Bank would charge. This option is suitable for people who are not fully certain about their cash flow.

Though these are the major factors that are looked at while applying for a home loan, the task does not end here. One of the areas that is often overlooked by home loan applicants in Melbourne is the charges and fees associated with the home loan itself. At RV Tax, we guide our clients to choose home loans from financial entities that do not charge extra and keep their fees to a minimum.

All in all, our home loan experts ensure that you can buy a house where you can build your home and have a great life. We ensure that all areas are covered, and no stone is left upturned while choosing the best home loan and payment plan for you.