Are you looking to upgrade from your apartment to a home fit for a new family? Or maybe you’re looking to downgrade now that your children have moved out?

At Zero Mortgage, we have a dedicated team that focuses on helping our clients achieve their property goals through residential home loans. If you’re looking to buy your own home, purchase a block of land or build a home to live in, a residential home loan may be right for you.

There are two main types of residential home loans, Variable loans and Fixed loans.

Variable Loans
A Variable home loan offers a variable interest rate which generally changes as the Reserve Bank of Australia (RBA) cash rate moves. As a result, your repayments will vary as the rate changes.

Some advantages of a Variable Loan are:

  • You can usually make extra payments at no extra cost which can save you on interest and help you pay off your loan faster.
  • Variable loans often have features such as unlimited redraws on any additional repayments or the ability to save on interest by setting up an offset account.

Fixed Loans
A Fixed home loan has a fixed interest rate that is set for a period, (often 1, 3 or 5 years). At the end of the fixed rate term, the loan will usually switch to the standard variable rate offered by the lender.

Some advantages of a Fixed Loan are:

  • A fixed loan can make budgeting easier, you’ll know exactly what your repayments will be each allowing you to plan ahead and set your financial goals.
  • If interest rates rise above your fixed rate, you will be happy knowing you are paying less than the variable rate.

Just like commercial loans, there are plenty of products on the market and it’s important to have an experienced and knowledgeable mortgage broker by your side.

At Zero Mortgage, we have access to over 40 lenders, including non-bank lenders allowing us to find the ideal loan product that suits your situation. If you’re looking to upgrade or downgrade from your current home, speak to our team on 1300 474 888 or fill out our enquiry form and a member of our team will be in contact shortly.


Contact us today!