The benefit of an adjustable rate loan is the reduced interest charge. Conversely, the danger is that when interest rates rise, the borrower may be forced to pay significantly higher rates. While fixed rate loans will usually have a higher rate than an adjustable at the outset, they aren't subject to shifting market conditions. With rates at near historical lows, this may be time to secure the "peace of mind" provided by locking in a rate for the term of your mortgage.

Your security may be even further enhanced if you expect to be in your home for a long term. To have one of our brokers help you evaluate Fixed Rate Loans under the currently favourable market conditions, simply fill out your contact details or call our broker hotline on 1300 78 63 78.