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Posted in variable rate

Variable or fixed? Finding your home loan rate in 2025.

Posted by Mark Attard on 4 March 2025
Variable or fixed? Finding your home loan rate in 2025.
The Reserve Bank of Australia (RBA) has cut the cash rate, and more cuts are expected in 2025. All big four banks anticipate at least two cuts this year, with some predicting up to five reductions. So, should borrowers choose a variable home loan rate, a fixed one, or a split rate? The answer depends on your priorities.Understanding your options:Variable home loansA variable home loan rate moves up and down with market interest rates. If the RBA cuts the cash rate again in 2025, your lender m...
Posted in:Home loansfixed interestRBAvariable ratesplit rate  

What type of home loan do I need?

Posted by Mark Attard on 22 October 2024
What type of home loan do I need?
Navigating the world of home loans can be overwhelming, especially for first-time buyers. With numerous lenders offering a variety of mortgage options, it’s crucial to find the right one for your financial situation and goals. A mortgage adviser like us can help simplify the process. Contact us today to discuss your options.BOOK NOW1. Principal and interest loansMost home loans consist of two key components: principal (the amount borrowed) and interest (the cost of borrowing). A principal a...
Posted in:Home loansFirst Home Buyersmortgagevariable rateHomeownershipoffsetredraw  

To fix or not to fix?

Posted by Mark Attard on 5 April 2024
To fix or not to fix?
Deciding whether to fix your interest rate or stay variable depends on various factors, including your financial situation, risk tolerance, and outlook on interest rates. To understand your options, BOOK NOW. Here are some considerations to help you make an informed decision: Fixed Rate: Certainty and Stability: Choosing a fixed interest rate provides certainty and stability in your mortgage repayments, as your rate remains unchanged for the fixed term (usually 1 to 5 years). This ...
Posted in:Interest ratesfixed interestvariable rate