Unless you’ve been living under a rock the past few days, you would have heard that three major lenders recently dropped their 5 year fixed rate to an incredible 4.99%. This is one of the lowest long term fixed rates for home loans in Australian history!
The question is, should you fix and which lender should you fix with?
Fixing part of your loan makes all the difference
Although this fixed rate is unheard of, some of these lenders aren’t really offering great discounts on their variable rate loans so you aren’t really that much better off.
Most lenders have off the market discounts on their variable rate loans which aren’t published online. Our mortgage brokers can consider the entire home loan package for you – including both the fixed and variable components – to work out which bank will give you the best deal.
Call us on 1300 889 743 or apply for a low fixed rate loan.
Is now the time to refinance?
With interest rates at all time lows, now is one of the best times to refinance.
In addition, some of our lenders are offering free property valuations, discounted variable rates and other benefits to encourage home owners to switch lenders.
What other interest rates are available?
Check out our interest rates page for the details of low 3 year fixed or variable interest rate mortgages.
Who shouldn’t fix?
Keep in mind that, depending on your situation, fixing your interest rate is not for everyone.
Our brokers can properly consider your situation and recommend a competitive home loan package that best suits your needs.
Call us today on 1300 889 743 or fill in our free assessment form and we can tell whether you should take advantage of this amazing 5 year fixed rate.