Should I have a fixed, variable or split interest rate home loan?
There are advantages and disadvantages to all of these options and you need to consider your personal circumstances when deciding.
Here are some things to consider when choosing between fixed, variable, or splitting your home loan between fixed and variable.
- Will I be selling my property in the near future? Am I happy to pay an early repayment adjustment fee if I sell my property during a fixed term loan?
- Am I expecting additional funds in the near future I could use to pay down my mortgage?
- Do I prefer the certainty of knowing what my fortnightly or monthly repayments will be?
- How quickly do I want to pay off my loan?
If you choose to re-fix your home loan online at personalised rates before the expiry date of your current fixed ...
Good question. Our ASB Economist produces a report called the Home Loan Rate Report which provides a summary of interest ...
Please give your Account Manager or Personal Banker a call to discuss changes to your home loan. If you don't ...
Your fixed interest rate and repayments stay the same. Once your home loan is advanced on a fixed interest rate, ...