Pros and cons of choosing a variable interest rate? Pros Typically offers more flexibility than a Fixed Interest Home Loan You can make unlimited additional repayments to pay off your Home loan faster Redraw is usually available meaning you have access to additional...
Pros and cons of choosing a fixed rate interest rate? Pros Your repayment amount is set and does not change making it easier to budget You can choose the period of time you would like to fix your Interest rate for Fewer Loan Features so could cost less Cons If...
Fixed Vs Variable home loan rates? Which is best? Firstly what are Fixed and Variable interest rates? There are many home loan options available and deciding on the type of Interest rate is just one of these options. Generally there are two options, either a Fixed or...
How can you get a better Interest Rate? 1. Save a bigger Deposit? 💰The greater the deposit you have for your purchase property, the lower the interest rate that the Lender will offer you. Lenders will tend to have higher interest rates for customers that borrow 95% of...
