Are there mortgage types other than fixed and variable?
You can split your loan facility so that you can have a portion fixed and another portion variable. This provides you with some stability in your repayment amount while also giving you the benefits of a variable loan in being able to make additional repayments.
It's worthwhile understanding all of the pros and cons of each type of loan and how that relates to your personal situation. An expert Aussie Broker can help you understand these and help you make an informed decision as part of your free appointment .