Fixed Home Loans

By: Mark Cunningham

The question of whether to get a fixed rate or a variable rate loan is always a vexing question. Should I fix or not? Should I get a fixed rate for three years or five years? Maybe 10 years? These are questions that are always asked when buying property whether you’re an owner-occupier or an investor. More recently, 30-year mortgages have come on to the market. The reasons for this are clear; a 30 year mortgage affords the buyer lower monthly repayment terms. Moreover, fixed rate home loans offer the borrower certainty as to the size of repayments.