Fixed vs Variable Rate Home Loans?

June 23, 2015
Chris Smith

One of the most common questions we receive from clients here at Mortgage Choice in Cheltenham is whether it is best to fix your home loan rate or opt for a variable rate loan.

There's pros and cons attached to both options really.

A fixed rate home loan will provide you with a predictable rate that will not fluctuate, but it may also have some break costs that you wouldn't encounter if you were on a variable rate loan.

A variable home loan is a more flexible product with more features (offset accounts, Redraw facility and the ability to make early and extra repayments on your loan) than a fixed rate home loan. A variable rate loan can be a bit unpredictable though.

Just to add a different twist to this discussion, it is possible to combine both a variable and a fixed rate loan together - give us a call on (03) 9585 779 or visit for further details and to book your free, no obligation meeting to discuss your options.


Posted in: Home loans

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