Peard Finance

Residential Loans

Residential home loans are home loans that exist for residential purposes and are available to those who are buying their own home, purchasing a block of land or building a home to live in.

There are two main types of residential home loans available to choose from, depending on your needs: Variable residential home loans: This type of loan offers a variable interest rate which generally changes as the Reserve Bank of Australia's (RBA) cash rate moves.

Fixed residential home loans: With this type of loan the interest rate is fixed for a certain term, usually up to 10 years.

Residential home loans may also feature a combination of part of the loan fixed and part a variable rate. Many loans come facilities such as redraw and offset facilities There are hundreds of different residential loans available from many Australian lenders. Peard finance makes the task of finding a residential easy by using our market leading software to find the right residential loan for you.