FIXED RATE REVIEWS

When the fixed rate period comes to an end on your home loan, you'll have several new options to choose from.

Here are a couple things to consider when you are renewing your home loan fixed rate:

1. Consider the prevailing interest rate environment. If interest rates have changed significantly since you took out the initial mortgage, how does this change your situation?
2. If you are considering switching lenders, do some market research or speak to your mortgage adviser to see what other lenders are offering. Who is offering the best interest rates, fees, and any additional features or benefits? 
3. What are economists predicting for interest rates and house prices in the short and long term?​
4. Would I prefer the comfort of a long-term fixed rate for certainty, or would I rather reassess in a shorter timeframe with the current interest rate environment?​
5. Am I wanting to make any lump sum payments onto my loan at any stage.​
6. Do I have savings that I need on call that I could use to offset my interest costs. ​

To fully understand what may be best for your situation when it comes to refixing your loan, we recommend speaking with a mortgage advisor who can provide expert advice tailored to your situation.