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This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about Home Loans from multiple financial institutions. We will try to show you a range of products in response to your request for information. The search results do not include all provider sand may not compare all features relevant to you, for further details refer to our FSCG. The rating shown is only one factor to take into account when considering these products. See the rating methodology We are not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a Home Loan, you will deal directly with a financial institution, and not with RateCity.

Fixed Home Loan Applications

Fixed home loan applications are much the same as any home loan application. Compared to a variable home loan application, there are no special criteria you have to follow for a fixed home loan application. The only difference is that the calculation for your repayments when youa??re working out how much it will cost you, will be set for the chosen fixed period. For example, if you fix at 7.5 percent p.a. for three years, you will be making repayments at that rate until the fixed period ends. Following the fixed period, the rate will revert to the lenders current variable rate.

One important factor you must be aware of with fixed home loan applications is that even though the advertised fixed interest rate may be set at one figure, by the time your loan is processed and approved, that rate may have changed by the lender.

The table below displays todaya??s best fixed rate home loans.


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About Mortgages Articles

RateCity provides mortgage news and features, including a range of weekly stories and economic updates. By checking our mortgage news and features daily, you can ensure that you receive up to date, expert commentary on current financial and economic issues. Before you search, compare or apply for the best mortgage for you, help yourself understand the market by reading mortgage news and features at RateCity.

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