Menu
Property

Split fixed and variable home loans

THIS type of loan lets borrowers secure or fix part of the loan as well as let the remaining amount be put on a variable rate.

A Split Home Loan is a cautious way of borrowing.

Advantages


   1. There is a protection against interest rate rises with the fixed rate component.
   2. If rates reduce there is less vulnerability due to the variable rate component.
   3. Additional payments are only allowed on the variable portion of the loan.

Disadvantages

   1. The benefit of splitting may be minimal.
   2. Set-up fees, discharge fees and account fees on both the fixed and variable portions may be charged.
   3. Penalties may occur for making higher repayments on the fixed portion.
   4. Penalties may occur if the fixed portion of the loan is paid off before the due date.

Let a ratesonline broker contact you about Split Home Loan.
 




Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Athletes set to hit the ground running this year

FUN FOR ALL: Children and families were a big part of the 2017 Airlie Beach Running Festival last year.

Athletes set to hit the ground running this year.

Whitsundays wins at Australian Tourism Awards

Ocean Rafting takes the gold in the Major Tour and Transport Operator category at the 2018 Australian Tourism Awards.

Best in the tourism business, Whitsundays wins gold .

Airlie Beach PO boxes on the move to Jubilee Pocket

Airlie Beach post office boxes situated at the Whitsunday Shopping Centre will move to Jubilee Pocket.

Cannonvale PO boxes on the move to Jubilee Pocket.

Local Partners