hi, with a new investment property is now a good time to be fixing rates and can you fix an interest only loan?

Michael. Thank you for your question. It is not possible to give you a perfect answer on the question "is now a good time", however it can be said that we are at historical lows for interest rates generally and that we are seeing Lenders in recent days start to raise investment rates. So we can certainly say that things are trending upwards at the moment and giving some consideration to fixed rates would be prudent.
In regards to the interest only part of the question, the answer is 'yes', however some Lenders will have an additional premium for interest only.
Please give me a call if you would like an overview of the current available rates.
Best Regards
Ken Olds
Customers First Mortgages & Insurance
1300 ASK KEN
www.AskKen.com.au

Hi Michael,
You can definitely fix an interest only investment loan.
All four big banks have increased rates in the last week or so and they've weighted their increase towards investor loans.
I've recently put some comparisons together for two of my clients and both chose to fix as the rates available were really competitive.
Feel free to get in contact if you'd like me put something together for you.
All the best,
Gerry Ardesi

I guess people like to think that timing is everything but can we really make that happen? All we can do is take the opportunity that is evidently there. Call me on 0434 528 186 if you would like to know more. Or email me marie@mariefergusonassociates.com.au

Hi there

It will depend on your future goals and how much control would you like to enjoy over your budgeting.

Another factor that needs to be considered is your loan structuring.

I will be happy to assist you with your queries over an obligation free face to face session.

Cheers

Hi, a little late to the party on this one but we covered a lot of this topic/question in this post here. https://unohomeloans.com.au/learn/is-now-the-right-time-to-fix-your-mortgage-interest-rate

However the best thing to do is to understand the impact to you if you don't fix and rates go up. We have a calculator that can model this, it's just not live on the web yet so feel free to reach out if you still want to run through the numbers there.