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.
 




Lismore Gallery exhibits capture our reach

Lismore Gallery exhibits capture our reach

As a public facility the gallery's remit is ensure reach is broad

Escape the screens and let's get cycling

Escape the screens and let's get cycling

cycling gives your mind a break and your body an influx of oxygen

Gallery exhibits a 'portrait' of Lismore

Gallery exhibits a 'portrait' of Lismore

Two of our best photographers give Heart & Soul to new exhibition

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