Split Rate Home Loan

Want the Best of Both Worlds?

With a Split Rate Home Loan you can have exactly that.

A Split Rate Home Loan is one where you can choose to have a portion of the loan with a fixed interest rate, and another portion with a variable interest rate.

What makes a Split Rate Home Loan attractive for first time and existing borrowers is:

• the ability to customise the home loan
  
• add as many features as required 
• many combinations - 50/50 split or 80% variable and 20% fixed (provided it meets lenders policy).

Pros and Cons of a Split Rate Home Loan:

Advantages of a Split Rate Home Loan

• Fixing portion of your loan can protect you against future interest rate rises.

• Leaving part of your loan at a variable interest rate allows you to save money if interest rates fall.

• You can have a fully featured home loan by combining different home loan products.

Why Would a Split Rate Loan not suit me?

•    A Split Rate loan, because of the many variables available, can have a complex fee structure. 

•    Limited amount of extra repayments might apply to the fixed portion of the loan

•    Flexibility to change lenders is reduced due to exit fees attached to the fixed component.

Call us today

for a brief, unbiased chat about any Home Loan products you may have seen here or elsewhere.

Which is best for you?

Split Combination Home Loans

• Where there are a number of purposes for a loan, such as one loan for the home and another for the investment property, a Split Combination Loan might be best for you. 

• Investors can leverage their equity to utilise the best of a variety of Loan Products, using a Split Combination Home Loan.

 Other Loan Products you might wish to learn more about by following the links include:

• Basic Home Loans

• Variable Home Loans

• Intro Rate Home Loans

• Fixed Rate Home Loans

• Home Equity Loans

• Low Doc Home Loans

• Packaged Home Loans

• Reverse Mortgages