5
Things You Need to Know
Before
You Fix Your
Interest Rate on your
Home Loan...
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 28 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, Westpac, SBS Bank and BNZ; choose the bank your home loan is with and see what fixed rates they are offering.
What
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.
How
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. 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.
What
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.
What
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.
How
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, 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 ~
Disclaimer
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.
Official
Cash Rate
