Fixed rate, variable rate and split rate loans

LEARNING CENTRE >>

Choosing the right home loan: Fixed, Variable, or Split Rate

A Fixed Rate Home Loan is like having a dependable friend who never changes their tune. With this type of loan, your interest rate remains constant for a set term, typically 2, 3, or 5 years. No matter what the economic weather outside, your repayments will always be as predictable as your morning cup of coffee.

Fixed rate home loans: stability and predictability

A Fixed Rate Home Loan offers the comfort of a constant interest rate for a predetermined term (e.g., 2, 3, or 5 years).

Repayments remain consistent, making budgeting easy and providing financial stability.

Perfect for those who seek predictability and want to safeguard against potential rate increases.

Learn more: Fixed rate home loans

Variable rate home loans: Flexibility and adaptability

A Variable Rate Home Loan has an interest rate that can change over time, influenced by market conditions.

Monthly repayments may fluctuate, offering flexibility and the potential for lower payments when rates are low.

Budget Bliss: With predictable repayments, you can budget with ease and confidence, whether you're starting a family or embarking on a new adventure.

Learn more: Variable rate home loans

Split rate home loans: Balance and versatility

A Split Rate Home Loan allows you to divide your loan into fixed and variable portions, offering stability and flexibility.

It combines the predictability of a fixed rate with the adaptability of a variable rate.

Budget Bliss: With predictable repayments, you can budget with ease and confidence, whether you're starting a family or embarking on a new adventure.

Learn more: Split rate home loans

UNSURE? CONTACT US

Refinancing: Aligning your loan with your goals

Refinancing can be a valuable tool in your homeownership journey. It empowers you to transition between loan types to better align with your financial goals. Whether you want more stability or greater flexibility, refinancing can help you achieve your objectives. For example:

Transition to Fixed Rates: If you value predictability and want to secure a stable interest rate, refinancing can help you move from a variable rate to a fixed rate home loan.
Embrace Variable Rates: If you prefer the flexibility of variable rates and additional features, refinancing can assist in switching from a fixed rate to a variable rate home loan.

Explore more:

Fixed rate home loans: For those who love predictability and stability.

Variable Rate Home Loans: For those who love a little adventure and want flexibility with their repayments.

Split Rate Home Loans: If you can't decide between fixed and variable, why not have both? It's like having the best of both worlds!

Your choice of home loan is a significant decision that can impact your financial well-being. Whether you're leaning towards stability, flexibility, or a balanced approach, we're here to provide expert guidance. Feel free to reach out to help you make the best choice for your unique circumstances. Your dream home is within reach, and we're here to help you achieve it!

LET'S CHAT!