Fixed rate home loans provide insurance against interest rate rises that might put your home at risk.
Generally, fixed rate loans are not as flexible as other home loan products. Paying out early or switching may cost you significantly in break costs. However, the market is bringing out new products on home loans. Some of the fixed rate loans now offer the following features:
- Extra payments without penalty
- Redraw facility
- 100% offset
- Low or no monthly account keeping fees
- Interest only repayments
And if you need assistance, we may be able to help you find suitable and competitive interest rates in the market. Please note that fixing your rate may be considered a gamble to some extent.
You can enquire online or give us a call on 1300 889 743.
Cheers,