Your Property Guide

Property glossary

What is Adjustable Rate Mortgage?

A home loan where the interest rate can change over the life of the loan, typically in line with market rates or an index set by the lender. In Australia, this is more commonly called a variable rate loan. Your repayments can go up or down when the rate changes — for example, when the RBA changes the cash rate.

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First home buyer guide

Federal schemes, state grants, deposit, LMI and pre-approval.