To take on a ’Fixed Rate’ Home Loan will certainly give you peace of mind. A Fixed Interest Rate Home Loan will give you the benefit of the interest rate being fixed, which in turn fixes the Repayment that is made as well. This will assist you in being able to budget as the repayment is fixed for the period that you have selected.
Fixed rates are available for 1, 2, 3, 4, 5, 7, 10 years or some lenders are even offering 15 years.
