What to know before you switch to a fixed rate home loan
ABC Everyday When weighing up whether to switch to a fixed rate loan, there's more to consider than just the rate. ( Share Print text only Cancel Interest rates are at record lows. And while that's bad news for your savings account, it's good news if you have a home loan. One question you might be wondering is whether to lock in your repayments by switching to a fixed rate mortgage. There are pros and cons, so here are some important things to consider before you make your decision. Fixed rate loans may help if you're on a tight budget There are two key benefits to fixing your mortgage rate:
Source: abc.net.au