|
Fixed Interest Rates Vs's Variable Interest Rates
Benefits of fixed rate home loans
 |
Easier to budget too
|
|
|
Less stressful in volatile markets
when rates going up |
|
|
You will know what your repayments
are for the given period |
Disadvantages
of fixed rate home loans
|
|
Fixed rate loans often less
flexible |
|
|
If rates go down you are left with
the higher rate |
|
|
Unless pay a lock in fee the rate
may go up from time of application to settlement |
Variable
rate loan benefits
|
|
Greater flexibility |
|
|
Most have more
features |
|
|
Pay as much as you
like (maybe deferred establishment fees if pay out fully) |
|
|
Some have Offset
accounts attached |
|
|
Can be Principle &
Interest or Interest Only |
|
|
Can be converted to
a fixed rate loan for a nominal fee |
Disadvantages of variable
rate loans
|
|
If interest rates go
up so will your repayments |
|
|
Harder to budget
towards as your repayments will move with the interest rates |
Some of our lenders
have fixed rates that you can
|
|
Pay over and above repayments |
|
|
Redraw from loan |
|
|
Use in combination with an offset
account |
|
|
Access to funds in Offset using an
Eftpos card |
|
|
Lock in rates from submission of
contract |
|
|
Interest Only |
Contact us so that we can discuss a loan that would
suite you and your personal circumstances
Why Use Us As Your
Mortgage Broker
|
|
We know what to look for in both fixed and variable
rate loans and can tailor it to your needs. |
|
|
We are aware of specials
that are available at any given time, our software is updated daily and
we are in direct contact with the lenders
|
|
|
You may find a similar
interest rate, however if you compromise on the features it will cost
you more in the long run |
|
|
Why not use a
professional friendly mortgage
broking service that costs you nothing and provides you with the
most likely chance of organising the best loan for your circumstances. |
|
|
We provide a
complete solution from application to ongoing management of the loan and
can even organise Mortgage Protection with a 3 month free trial.
|
Copy Right Alpha Mortgage
Solutions PTY LTD Brisbane, Queensland ABN 60 120 196 723
All information provided on the Alpha Mortgage Solutions website
is intended as general information only and is not provided as professional
advice. Alpha Mortgage Solutions does not warrant the accuracy or completeness
of information nor accepts liability for any actions taken by you or any another
party in connection with it.
*Home Loan Types
*No
Deposit Loans *Bad
Credit Loans *Mortgage
Broker
Interest Rates /
Home loan with variable rate / Fixed rate home loan /
Best Interest Rate Brisbane, Queensland |
