Compare 3 year fixed rate investment property mortgages

Compare mortgages and calculate mortgage repayments - Data last updated on 20 Jul 2018

Compare 3 year fixed rate investment property mortgages

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3 year fixed rate investment property loans are an appealing home loan option for Australians looking to purchase a property for investment purposes. At RateCity you can flex your research muscles and search and compare an extensive range of incredible fixed rate home loans.

Fixed rate investment property loans allow the borrower to lock in their interest rate for a period of three years – after which – the home loan will revert back to the standard variable rate.

  • Stability: Locking in your interest rate allows you to maintain the agreed rate for that time period – irrelevant of cash fluctuations. So if you find a great low rate you can lock it in without fear of a rate rise.
  • Budget: Fixing your interest rate for a three year period means that your repayments are locked in also. This will allow you to budget more efficiently as you know your repayments will be consistent and not change when interest rates rise or fall.

Before signing up for a 3 year fixed rate investment property loan you should consider that fixed rates do tend to be higher than variable rates and if you do lock in your interest rate you will not benefit from any future rate cuts within the three year period.

There are many options and features to consider when choosing a home loan for your investment. Fixed interest rate loan lengths vary, so you can choose to fix your loan for as little as one year and for as long as ten.

If you feel a 3 year fixed home loan is the right investment for you, start comparing some of Australia’s best 3 year fixed rate investment loans below.

FAQs

Bad credit home loans can be dangerous if the borrower signs up for a loan they’ll struggle to repay. This might occur if the borrower takes out a mortgage at the limit of their financial capacity, especially if they have some combination of a low income, an insecure job and poor savings habits.

Bad credit home loans can also be dangerous if the borrower buys a home in a stagnant or falling market – because if the home has to be sold, they might be left with ‘negative equity’ (where the home is worth less than the mortgage).

That said, bad credit home loans can work out well if the borrower is able to repay the mortgage – for example, if they borrow conservatively, have a decent income, a secure job and good savings habits. Another good sign is if the borrower buys a property in a market that is likely to rise over the long term.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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