“Honeymoon” or introductory rates are offered to entice borrowers with a low advertised rate that may be up to 2 percentage points below the standard home loan rate and therefore look very attractive. The rate can be fixed, capped or variable for the first six to 12 months of the loan. Then they automatically revert to the standard rate offered by that lender. Use the ‘comparison rate' to help choose and compare loans, not the intro rate. Use our mortgage calculator if you want to calculate your loan repayments.