In particular we focus on getting the loan structure right the first time, choosing which lenders to use in the right order (yes this is important) and finally getting our clients the best deal possible.
Fixed Rate
Is an interest rate on a loan that is locked in for a specific period, normally 1-5 years. This allows the borrower to accurately predict their future payments. Variable rate loans, by contrast, are anchored to the prevailing discount rate.
It’s important to understand the period of your loan being fixed will expire after an agreed time of between one and five years. Once the fixed rate term ends, your mortgage will go back to being variable rate so the rate can fluctuate over the life of your loan.
A fixed interest rate loan is a loan where the interest rate on the loan remains the same for the life of the loan. A variable rate loan benefits borrowers in a declining interest.
Learn MoreMortgage rates are likely to continue to rise in 2022. Many factors influence mortgage rates, including inflation, world events, economic crises, personal factors, the Federal Reserve and even bond prices.
Fixed rates are now well below variable rates for home loans, in fact, they’re the lowest they’ve been in Australian history.
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