Fixed Mortgage

>When interest rates are on the rise, more Australians with a variable rate home loan begin to consider a fixed mortgage option. This is because rising interest rates mean higher mortgage repayments for variable loans. But with a fixed mortgage, also known as a fixed rate home loan, your repayments are set for a chosen period of time, which can be from one year to seven years. A fixed mortgage rate is generally always higher than variable rates but because variable rates are unpredictable to an extent some prefer the stability of a fixed mortgage. Most of the time a fixed mortgage will cost a lot more than a variable rate so the best option is to pretend you are on a fixed rate and make extra repayments to a variable mortgage.

Here are some of the fixed rate home loans available to help you land your new home.

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