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Fixed vs Variable Home Loans: Which Is Best?

  • Ashley Velt
  • Mar 23
  • 1 min read

Updated: 6 days ago

Choosing between a fixed or variable home loan can be confusing. Each has pros and cons depending on your financial goals.


Fixed Rate Loans

  • Pros: Stability, predictable repayments, protects against rising interest rates

  • Cons: Less flexibility, potential penalties for extra repayments

Variable Rate Loans

  • Pros: Flexibility to make extra repayments, potential to benefit from falling rates

  • Cons: Monthly repayments can rise if interest rates increase

Split Loans

Split your loan into fixed and variable portions to enjoy benefits of both.

Which Is Right for You?

If you value certainty, fixed rates work well. If you want flexibility and potential savings, variable rates may be better. A broker can help tailor a solution to your needs.

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