Fixed vs Variable home loans – which is best for you?
Recently we wrote about what will happen to all those people who have a fixed rate loan expiring soon. You can read that article here …
What happens when a fixed rate home loan ends?
We received quite a few questions about what type of loan is best, so today we will try to summarise and simplify things.
Of course, it is important to understand that the information here is of a general nature, and it does not take into account your financial circumstances, financial goals,
or needs. Before you make any decision it is important that you seek personalized professional advice.
If you are considering a home loan and you’re wondering which type of loan is best for you, fixed rate or variable? Or even a combination of both, it is important to understand what the difference is. And of course, what are the pros and cons of each?
Fixed Rate Loan
A fixed interest rate loan gives you certainty about what your interest rate is.
And therefore what the re