Fixing loans

Investors with Interest Only loans – Fixing your loans may save you some $$$

We are seeing a gap forming between variable and fixed rates in relation to investment interest only loans.  This gap has been 0.3%-0.5% at some lenders, depending on the bank, the fixed rate term and other factors.

Based on a $500k loan, fixing your rate could save an investor up to $2,500pa.  The savings could be even higher if we look at principal and interest repayments.

The interest rate environment has been moving a lot, but the pattern of this fixed vs variable gap has been forming for some time.

What’s Next?

It is a big part of our role to look after you over the course of your property life, so we recommend you Contact Us for a review –

  • Email us or call us on 1800 00 4663

  • We will reaffirm your short and long-term objectives

  • We will review your structure:

    • Variable vs Fixed
    • Interest Only vs P&I
    • Your remaining loan terms

Facts with Fixing

There are always a few things to remember like rate locking, break costs, less flexible, etc.

We can take you through it, or you can read about them HERE

 

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