Which home loan features are right for you: Variable vs Fixed

Before you start shopping around for a new property loan or alter your old property loan, it’s worth knowing about the options available. 3 most common differentiators are:
 
1. A Variable-rate loan offers greater flexibility than a fixed rate loan & will appeal to you if you don’t want an interest rate to be locked in for a set term. Often with variable rate loans, you can also redraw or make additional payments electronically at no cost, so you can pay off your home loan sooner and get ahead.
 
2. A Fixed-rate loan is right for you if you need greater peace of mind, as you will have the certainty of knowing what your repayments will be during the fixed rate term. You can choose different terms on a fixed rate loan – often between 1 to 5 years, depending on what suits you.
 
3. Combo-rate loans offer both the flexibility of a variable rate and the certainty of repayments offered by a fixed rate. Like with a variable rate loan, you will have the flexibility to make additional repayments electronically at no cost to the variable rate portion.
 
Unsure which of these options is right for you?
 
As your finance broker, we have access to a myriad of loans from a large range of lenders. We put a lot of work behind the scenes to save you time, effort & most importantly save you plenty of unnecessary stress.
 
Call us or email to discuss your situation. 
 
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