As interest rates change, you may be wondering what this means for your home loan. We understand the importance of staying informed and being prepared.
Fixed Loans
If you have a fixed rate loan, your repayments stay the same for the duration of the fixed rate period. When your fixed rate period ends, your loan will revert to a variable rate. If rates have changed during this time, your repayments may change to reflect this.
Variable loans
If you have a variable rate loan, your repayments may change if interest rates change. The tools below can help you to calculate how an interest rate change can affect your loan repayments.
Reassess your loan
Calculate your home loan repayments
Need help
Rate changes may offer opportunities, which is why it's always worth having a word with your broker.
In the event of interest rate changes, it’s good to be prepared so you can budget for your home loan.
Contact us for assistance.