Should I have a fixed, variable or split interest rate home loan?

Last Updated: 18 Dec 2015

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?

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