This loan is exactly as it sounds. Your interest rate gets fixed for a period of time (normally 1-7 years). This gives you protection against rising interest rates. You’ll also know exactly what your repayments will be for the fixed rate period. At the end of the fixed rate period you’ll have the option to re-fix for another term or revert to a standard variable rate for the remaining term of the loan.
If however, rates go down, you may find yourself locked in to paying a higher rate than those borrowers on variable rates. You may also be penalized if you pay out your loan prior to the end of the fixed rate period.
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First Home Buyer
10 Tips for Property Investors
Moving Checklist
"My brother and I purchased an investment property from Acquired after being recommended by a
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them again."
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"Acquired made a great impression with their expertise and knowledge of property
investment. Their professionalism is just one of the reasons why I chose them to help expand, and look after my property
portfolio."
Paola Astudillo
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Richard Narria
"My brother and I purchased an investment property from Acquired after being recommended
by a friend. Their research, customer service and professionalism made the process simple and easy. We wouldn't hesitate
buying through them again."
Justin Furno