Refinancing your home loan to get access to a better fixed rate is a great way to save money. Fixed rate loans and fixed interest rates provide home owners with the ability to know that their mortgage repayments are set for a period of time, allowing them to budget and plan accordingly.
At Australian Credit and Finance, our Home Loan Experts can help you secure a great fixed interest rate by completing a mortgage health check and providing recommendations around refinancing options. Call our team on 1300 735 557 today.
Benefits of a Fixed Rate Loan
As you look at your refinance options, considering a fixed interest rate home loan is a good option for a number of reasons. Some of these include:
- Fixed interest rates are normally slightly lower than variable interest rates
- Fixed monthly repayments for a set period of time
- Safe option when interest rates are volatile
Refinance your home loan into a fixed rate loan is a good option if you need to fix your monthly repayments for a set period of time. If you don’t enjoy Russian roulette, then a fixed interest rate is your best option.