Search
  • Anthony Fontana

Fixed? Variable? or Both?



One of the most common questions we get asked is whether or not to choose a fixed rate or variable. Interest rates are currently at record low levels, but how will you cope if they start to rise? As interest rates approach the bottom of the cycle, many Australians are starting to consider whether they should look at a fixed rate home loan. Both loan types have pros and cons and while we cannot predict the direction of interest rates, we can make an informed choice over which type of home loan is most appropriate for our needs.

When considering a fixed interest rate loan, you need to remember to do your homework and make sure you understand the advantages and pitfalls of fixing. Protection against rising interest rates and the knowledge that your monthly repayment will be held for a set period are the main benefits of taking out a fixed rate home loan. On the other hand, a lack of flexibility in the loan product and missing out on falling interest rates are seen by many as a disadvantage. Many lenders will offer a “split” loan where part of the loan can be at a fixed interest rate and part at a variable interest rate.

Our experienced brokers can help you decide if what will leave you in a great financial position and suit your current situation, book an appointment today to have access to great fixed and variable rates and see how much you can save



0 views

42/1 Macquarie Street

Parrmatta NSW 2150

 

P: (02) 9633 1670

F: (02) 9633 1701

 

 

  • Instagram - White Circle
  • Facebook - White Circle
  • LinkedIn - White Circle
  • Google+ - White Circle

Disclaimer: Financial Solutions (ABN: 41 701 190 619) is a corporate authorised credit representative (Credit Representative Number 500747) of the Welfare Fund Ltd (Australia Credit Licence Number 423050 ABN: 25 155 698 105).  Frank Fontana is a Director of Financial Solutions and is a an authorised representative (Authorised Representative Number 1233081), of MASU Financial Management Pty Ltd (Australia Financial Services Licence Number 231140 ABN: 78 069 358 498). Financial Solutions is also a referral partner of TJL insurance Pty Ltd (Australia Financial Services Licence Number 478959 ABN: 98 613 453). 

Financial Solutions has access to a panel of lenders through National Mortgage Brokers Pty Ltd (ACN 093 874 376 / Australian Credit Licence 391209), which is a fully-owned subsidiary of Liberty Financial Pty Ltd (ACN 077 248 983 / Australian Credit Licence 286596).  Financial Solutions has access to products including those from Liberty Financial.

The information on this website is of a general nature to give an indication of insurance products, financial services and mortgage products. It should not be considered financial advice and does not take into account specific and individual circumstances. Appropriate professional advice should be sought from accountants, solicitors and financial advisers before obtaining a product that takes into consideration individual circumstances.

© 2016 by Finacial $olutions.