ABC Everyday
When weighing up whether to switch to a fixed rate loan, there's more to consider than just the rate.
(
Share
Print text only
Cancel
Interest rates are at record lows. And while that's bad news for your savings account, it's good news if you have a home loan.
One question you might be wondering is whether to lock in your repayments by switching to a fixed rate mortgage.
There are pros and cons, so here are some important things to consider before you make your decision.
Fixed rate loans may help if you're on a tight budget
There are two key benefits to fixing your mortgage rate: