Fixed vs Variable

What are Fixed and Variable home loans?

Fixed rate home loans can be generally set for 1-5 years, and “locks in” your rate with a fixed repayment amount for that period but limits the amount of additional repayments in advance that can be made.

Variable rate homes loans retain the flexibility of making additional repayments through redraw or an offset account, reducing your interest expense. The rates, however, can still move up or down.

When considering fixed rates, Avenyou recommends using both fixed and variable rates in a split loan arrangement. This allows you to take advantage of both the flexibility of the variable rate and the certainty of a fixed rate.

Would you like to know more? Please contact Avenyou today.

Scroll to Top