Revolving – your interest rate will move with the marketĪ revolving rate only applies to revolving loans and moves up and down with the current market. You can decide what portion of your loan is fixed and floating/variable, allowing you the flexibility to reach your goals faster. Want the certainty of a fixed rate with the flexibility of a floating/variable rate? Talk to us about a combination of both. Combine Fixed and Floating/Variable for the best of both worlds If interest rates decrease, we won't reduce your payments to reflect the new lower rate unless you ask us to. If the variable interest rate increases, we may change the amount of your required payments to ensure your home loan will be repaid within its original term. Floating/Variable – Your interest rate will move with the marketĪ floating/variable interest rate moves with the market. See Early Repayment Fee for when this fee may be payable. If you're repaying or breaking your fixed rate home loan early, an Early Repayment Fee may apply. If you're looking to take out new lending with us, we can hold a fixed rate for you up to 60 days from the date of your home loan summary. This option may make budgeting easier, because your repayments will stay the same over the fixed rate term you've chosen. With a fixed rate, your interest is fixed from the start and stays the same for the term you choose - for example from 6 months to 5 years. Interested in interest rates? Fixed – Your interest rate won’t change or be affected by the market
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