Should I go with a fixed rate or a variable rate?
The choice between a fixed and variable home loan (or a split loan, which combines the two) depends on your financial and personal circumstances.
A fixed rate home loan gives you certainty that the repayment amount will be the same over the fixed term, typically one to five years, while a variable rate could mean a saving on your repayments if interest rates decrease.
It's important to understand all the pros and cons of each type of loan and how they relate to your personal situation. An expert Aussie Broker can help you understand these so you can make an informed decision as part of your free appointment.