Problems with interest rates and repayments? Ask for home loan help.
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The decision to fix interest rates depends on your personal circumstances. If you prefer the safety of a given repayment over a given term then a fixed term may be the right choice for you. Fixed rates may have restrictions on extra repayments and penalties to payout early.
If you want to take advantage of potentially falling rates then a variable rate loan product may be suitable for you.
Many borrowers have a cocktail arrangement, with part fixed and part variable. They aggressively pay down the variable component whilst having the safety of a fixed rate for a part of the debt.
I cannot speculate if interest rates will rise or fall and what term may best catch the cycle of rates to advantage.
Call Your Local Finance mortgage broker on  to discuss your options
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