Some home loans have an additional discount to their interest rate for a short period at the beginning of the life of the loan.

These discounts usually apply only to the first 3, 6, 12, 24 or 36 month periods, and are sometimes referred to as 'introductory rates' or 'honeymoon rates'. Once the period ends, the loan will usually revert to a higher interest rate, which is generally the lender's standard variable rate (SVR). This will depend on the conditions and features of each individual loan, so make sure you take this all into account when choosing your home loan.

An Aussie Broker can help you compare a range of loans and calculate the differences in rates, including discounts that may apply during honeymoon periods. This service is part of your free appointment with an expert Aussie broker.