Things You Need to Know
Before You Fix Your
Interest Rate on your
Now it's easy and free to get the best advice whether to fix interest rates on your home loan with Fix a Rate.
Request a quote now or you can talk to a Mortgage Broker with 25 years experience (registered financial adviser) so we can assess your needs and requirements to see if fixing your home loan is the best for you - not the bank!
Then, if it's the right choice, Fix a Rate will negotiate with your bank directly to get you the best fixed rates they can offer - with your 'interests' put first.
Why is using Fix a Rate better? When you get a fixed rate from your bank - how do you know this is the best rate? Have they offered another client, just before you, a better rate? What do you have to compare it too? At Fix a Rate we can compare fixed rates with other banks and see what is being offered - and by doing so, we get you the best the banks can offer.
Here's the 5 Things You Need to Know Before You Fix Your Home Loan.
#1. You can split your home loan with some fixed and some floating - this spreads your risk if interest rates move up or down.
#2. You can still make extra payments* on fixed loans - this means you can still make huge savings by paying off your loan early. * conditions apply
#3. Fix a Rate can get discounts off the bank's carded (advertised) rates - saving you even more money, combine this with paying off your loan early you'll save thousands if not tens of thousands of dollars.
#4. You can lock in a fixed rate; up to 30-60 days before your current fix rate is due to expire - this means you can take advantage of the current interest rates and don't have to wait.
#5. If you break the fixed rate or repay the loan in full then the bank may charge you an 'early repayment fee' this can be quite costly - before you fix a home loan; ask yourself "Will we sell our home during this period or repay this loan." Remember the cheapest rate may not be the best rate.
For the latest advertised fixed interest rates from ANZ, ASB, Westpac, SBS Bank and BNZ; choose the bank your home loan is with and see what fixed rates they are offering.
is Fix a Rate?
Is the new way to fix your home loan rate - it's free, quick, easy and we do the negotiating with your bank to get you the best fixed rate for your home loan from 6 months to 5 years. By fixing an interest rate through us the banks have also have agreed to waive their usual fixed rate fee which they would usually charge you. You'll get the best rate the bank has to offer and there's no obligation from you to accept any fixed rate quotes we get you.
does Fix a Rate get
discounts on fixed rates?
Fix a Rate is owned by ADVOCO Mortgages - a member of a larger group that settles over $6.0 billion ($6,000,000,000.00) in home loans every year, that's about $500 million a month with the major banks - ANZ, ASB and Westpac, Sovereign Home Loans, SBS Bank and BNZ. We are able to compare fixed rates the banks offer and advise you on which is the best option for you based on your circumstances.
is the bank's carded rate?
The carded rate is the bank's advertised interest rate. Depending on your loan amount and loan to value ratio (LVR) we can get excellent discounts off the carded rates - saving you money.
if I have already decided on my fixed rate term and don't need any advice?
Then Fix a Rate is prefect for you. Simply complete request a quote and we will negotiate the best fixed rate for you - we'll take out the hassle of negotiating with your bank. Our service is totally free to you - through us the banks have also have agreed to waive their usual fixed rate fee which they would usually charge you - you can do it all from the comfort of your home.
does Fix a Rate get
paid - is the service really free to me?
Our service is totally free to you - by fixing an interest rate through us the banks have also have agreed to waive their usual fixed rate fee which they would usually charge you. We have broker agreements with ANZ, ASB, Westpac, SBS Bank and BNZ - if we negotiate a fixed rate on your behalf and you fix your home loan with that bank - they pay us a small commission.
Click on 'fixed rate quote' and let us negotiate a great fixed rate for you - today.
If you wish you can talk to a Mortgage Broker (registered financial adviser (RFA).
Call us on 0800 ADVOCO (0800 238 626) or email us.
~ A Personal Disclosure Statement is available free of charge ~
Every possible effort has been made to keep the information on this web site as accurate as possible, however, neither the publishers of FixaRate nor anyone engaged to compile the carded rate table accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that borrowers check loan documents from their bank.