Whether it is better to go for the honeymoon rate loan or a discount variable rate loan from the out set is dependant on the client's individual preference and situation however it is very simple to calculate exactly the interest payments for each option to determine which is best for you.

Honeymoon rate loans can be good for those people in a situation who want as low a rate as possible in the early days of their loan - usually the first 12 months. After that these loans usually default to the standard variable rate.