People on a fixed rate can apply for a variable rate, however your current lender is likely to charge a hefty break free for terminating your fixed rate early, which might not make it cost-effective for you to switch. It is best to work out what these break fees are first so you know what costs you are in for. Seek advice.
How will Real Time Ratings™ help me find a new home loan?
The home loan market is complex. With almost 4,000 different loans on offer, it’s becoming increasingly difficult to work out which loans work for you.
That’s where Real Time RatingsTM can help. Our system automatically filters out loans that don’t fit your requirements and ranks the remaining loans based on your individual loan requirements and preferences.
Best of all, the ratings are calculated in real time so you know you’re getting the most current information.