Fixed Rate Home Loans for 3 and 5 years

Fixed Rate Home Loans

Fixed Rate Loans protect you against interest rate increases for a fixed period of time. They are usually available for 1, 3, 5, 7 or 10 years. The repayments on such loans remain the same for the set fixed period. Usually also means you cannot make additional payments and penalties apply if you change the loan during the fixed period (Some loans offer part fixed and part variable - this is often a good compromise). Fixing your loan is good if you are entering a period of financial instability. (E.g. Maternity leave, downturn in jobs, etc)

Frequently asked questions from our clients regarding Fixed Rates Home Loans:

Question:

Who can use a Fixed Rate Home Loan?

Answer:

Owner occupied or investment residential property purchases or refinancing of existing residential loans

Question:

What's the maximum percentage of the property's value could we borrow under a Fixed Rate Home Loan?

Answer:

Fixed Rate Home Loans can lend up to 95% of the property's value, but may be limited by the location and type of property.

Question:

What's the maximum loan period available for a Fixed Rate Home Loan?

Answer:

Lenders offer up to 30 year loan terms for loans possessing fixed rate components - with fixed periods ranging from 1 year, through to 10 years.

Question:

Who cannot take out a Fixed Rate Home Loan?

Answer:

People wishing to construct their home or use it as a line of credit

Question:

Can you pay off a Fixed Rate Home Loan early?

Answer:

Yes, you can pay off a Fixed Rate Home Loan earlier but penalties usually apply. Some lenders allow a $10,000 per year additional payment with no penalties.

Click here to contact us today to apply for YOUR Fixed Rate Home Loan!

Calculators

Find out your repayment and compare...

Resources

Find out the latest industrial information that may benefit you.

Member LoginContact Us