All About Fixed Rates

2010 March 25
by iggy

There are a lot of home loan products out there in the market today, and one of the most common is the fixed rate loan.  The fixed rate loan as the term suggests is fixed for a certain period depending on the length of time agreed upon.  The interest rate does not and will not change within the agreed period.  It will not matter whether interest rates go up or down.  Hence the term “fixed.”

The basic premise to remember when fixing a loan is that you should fix when interest rates are low.  Where you fix your interest rate when the rates are high, no one will be happier to fix it for you than the bank or lender you are getting the loan from.  This will be a good deal on their part, and a bad deal on your end.  Where you know for a fact that historically interest rates are high, do not get a fixed rate and opt for a variable rate.

However, traditionally fixed rates are very inflexible, and cannot be considered a borrower friendly loan.  What you fix is what you get no more no less.  This has changed, and is no longer always applicable.  These days there are already flexible fixed rates that borrowers can enjoy.  The common features of these flexible fixed rates are that you can make extra payments without suffering any additional costs or penalties.  These flexible loans also have redraw facilities and offset facilities.  You can likewise make interest only repayments.

A fixed rate loan if made at the right time for the right reasons can save one a lot of money.  Imagine getting a very low rate historically, and having that last for 15 to 20 years.  This is the reason why getting advice on your fixed rate loan is of utmost importance.  In order to get the proper information on fixed rate loans, it would be best to consult the experts on these types of loans.  They can show you the ideal way to use fixed rate loans to your advantage, and tell you straight whether a fixed rate loan would be suitable for your current situation.

55 Responses leave one →
  1. January 25, 2017

    If you must feed the fish, wait at least 2-3 days and feed them very small amounts.
    The bacteria e-coli are mostly accountable for this.
    Fortunately, nowadays you do not need to be like an emperor to adopt
    an indoor wall mounted waterfall.

  2. March 26, 2017

    2017秋冬モデル100 %実物
    パネライブランドコピー
    注文特恵中-新作入荷!-価格比較.送料無料!
    主要取扱商品 バッグ、財布、腕時計、ベルト!
    オークション、楽天オークション、売店、卸売りと小売りの第一選択のブランドの店。
    信用第一、良い品質、低価格は 私達の勝ち残りの切り札です。
    当社の商品は絶対の自信が御座います。
    おすすめ人気ブランド腕時計, 最高等級時計大量入荷!
    N品質シリアル付きも有り 付属品完備!
    以上 宜しくお願い致します。
    2017秋冬モデル100 %実物
    腕時計選び方 http://www.watchkopi.com

  3. June 7, 2017

    Valuable information. Fortunate me I found your site unintentionally, and
    I’m stunned why this accident didn’t took
    place earlier! I bookmarked it.

  4. June 23, 2017

    カードで使える日本語完全対応の安心なブランドコピーショップ

    ルイヴィトン、シャネル、グッチ、エルメス、プラダ等のコピー商品を販売致しております
    ロレックス、ガガミラノ、パネライ、フランクミューラーなどのハイブランド腕時計のコピー品も取り扱っております。
    2017年新作も随時入荷致しております。

    当店の製品は、業界でブランドコピーと呼ばれるレベルの商品を最低ラインに、自社工場にて手作業の製造を行っております。
    日本人ブランド鑑定士をアドバイザーに品質管理を行っておりますので、一般消費者はもちろんのこと、
    質店や鑑定士にも真贋鑑定が困難である、最高峰の製品をご提供致しております。商品の発送は日本郵便EMSにて格安の料金で承っており、
    EMS日本郵便のサイトにて随時発送状況を確認頂けます。他業者では行っていないクレジットカード決済、コンビニ決済もご利用可能です。
    安心、安全にお買い物をお楽しみ頂けます。

    ご希望の商品が掲載されていない場合にも、
    お問い合わせ頂けましたら商品を確保できる場合がございますので

  5. June 24, 2017

    Great post. I used to be checқing continuously this աeblog and I am
    impressed! Extrеmely helpful info ѕpecially the ultimate section :) I maintain such infoo much.
    I was lookinhg for thiѕ particular info for a verү
    long time. Thank you annd good luck.

Leave a Reply

Note: You can use basic XHTML in your comments. Your email address will never be published.

Subscribe to this comment feed via RSS