What happens if I fix my home loan and interest rates increase and or decrease?
Your fixed interest rate and repayments stay the same. Once your home loan is advanced on a fixed interest rate, the rate will not change during the term you selected. Your repayments will stay the same for the duration of the term you selected regardless of interest rates (variable or fixed) increasing or decreasing during that time.
You can break the loan’s fixed rate, but this may incur an Early Repayment Adjustment Fee.
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 ...
There are advantages and disadvantages to all of these options and you need to consider your personal circumstances when deciding. ...