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Fixed Rate Home Loan Frequently Asked Questions
If you haven’t used a finance broker before, you probably have some questions. Let’s help you get some answers.
Can fixed rate mortgages be refinanced?
It is possible to refinance a fixed rate mortgage. However, you may encounter additional costs or fees such as prepayment penalties and break costs.
If you’re considering refinancing your home loan, talk to our friendly and experienced mortgage brokers today. We offer a personalised service that provides tailored solutions. Contact us today.
Can fixed rate mortgages change?
During the fixed term period of a fixed rate mortgage, interest rates and repayments will remain the same. Once the fixed term is finished, you may be moved onto a variable rate home loan, which does have fluctuations in interest rates.
Fixed rate mortgage: can I sell my house?
While you are able to move or sell your house when you have a fixed rate mortgage, you may need to pay additional fees and costs. These costs can include prepayment penalties and break costs.