Fixed Rate

Perth loans that offer home loan repayment certainty

Fixed Rate home loans give home buyers the security of knowing that their home loan repayments will not change during the fixed rate period.

Instead of the fluctuations of a Standard Variable Loan, Fixed Rate home loans allow buyers to choose a fixed mortgage rate that is set for between one and five years. During that time, the interest rate on the home loan is set and is not subject to home loan interest rates rises and falls.

The biggest advantage for Perth home buyers is that with Fixed Rate home loan you know exactly what your home loan repayments will be during the fixed period. But you should be aware that there are penalties for ending a Fixed Rate mortgage before the end of it's contracted term.

At the end of the fixed period, the home loan then becomes a Standard Variable Home Loan, a Basic Home Loan or you may choose  another Fixed Rate term, or a Split Loan where a part of the home loan is set at a Fixed Rate while the rest is at the Standard Variable rate.

Speak to one of our Perth brokers about the best home loan for you by filling out the online form or calling 08 9317 1900.