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