This calculator helps you find out whether you are actually saving money with your introductory home loan (otherwise called a honeymoon home loan) in total interest.
A honeymoon home loan or mortgage (also called an introductory loan) typically offers a guaranteed low rate for an initial period of time after which the applicable interest rates will revert to the standard variable rate. Generally, you are able to enjoy some savings on the loan term and interest with this scheme and the calculator helps ascertain the exact amount that you will be saving in total interest.
For more details or for a financial consultation regarding interest and your savings, get in touch with our skilled advisers today.
