1300 77 21 21

Mortgage Asset Management Group
  • CALCULATORS
    • How Much Can I Borrow?
    • How Much Will Stamp Duty Be?
    • What Will My Loan Repayments Be?
    • What If I Make Extra Repayments?
    • Lump Sum Repayments
    • Property Value Estimator
  • PRODUCTS
    • Standard Variable Loan
    • Basic Variable Loan
    • Intro Rate ‘Honeymoon’ Loan
    • Fixed Rate Loan
    • 100% Offset Loan Account
    • Line of Credit Loan
    • Low-Doc & Credit Impaired Loans
    • Construction Loans
    • Interest Rates
  • USEFUL TOOLS
    • 6 Steps buyer Checklist
    • Budget Planner Checklist
    • Loan Document Checklist
    • Home Inspection Checklist
    • Home Loan Process Checklist
    • Moving Checklist
    • Repayment Guide Summary
  • BUYING MY FIRST HOME
  • WANTING A BETTER DEAL
  • LOOKING TO INVEST
  • SELF EMPLOYMENT
  • CUSTOMER CARE
  • PROPERTY REPORTS
  • GLOSSARY

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player
Fixed Rate Loan

Under a fixed rate loan, the interest rate is fixed for a specified period, usually between one and five years. This loan gives you the certainty of knowing exactly what your monthly repayments will be and peace of mind knowing the repayments won’t rise. However you won’t benefit if rates go down during the fixed term.

Advantages:

  • Guaranteed rate, if interest rates rise your repayments won’t.

Disadvantages:

  • Reduced flexibility.
  • Extra repayments may incur a fee or be limited.
 

 

MFAA

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player
COPYRIGHT 2009. Mortgage Asset Management Group
PRIVACY | DISCLAIMER | SITEMAP