Are you concerned about interest rates?

Mark Fitzpatrick | May 28, 2018

One of the great things about my business is the opportunity to speak to my clients and keep them informed and help stay on top of their finances. I love it.

Over the past 4 weeks, 90% of our chats have been about interest rates and their concerns about rates and when they will start to rise.

It is a very good question as there has been a little bit of speculation in the media as well.

Here is a quick snapshot of how all borrowers could alleviate their concerns by having a discussion about fixed rates.

* Remove the uncertainty of rate rises with a fixed rate home loan

* Fixed rate home loans offer peace of mind against rising repayments, which allows you to budget with confidence. 

* Unlike a variable rate home loan where repayments move up and down in accordance with the cash rate, fixed rate repayments remain unchanged throughout the loan term. 

* This means that for the length of your fixed rate term — usually between one and five years — you’ll know what your repayments will be. 

* Fixed rate home loans are a common type of home loan offered by most banks, mortgage brokers, credit unions, building societies and Australian lenders, so there's a range to choose from. 

If you do have some concerns please speak to your mortgage broker, banks and make sure you’re not left standing on the pier when the ship has sailed

You can call me on 0410 442936 or simply ask me a question