We are available to help you 7 days a week, 24/7
1300 805 221
Our Mortgage Brokers are here to help 7 days a week 24/7
1300 805 221
1300 805 221
FRBL’s are just that. That is, the interest rate will not rise or fall during the fixed rate term. You can fix the rate anywhere from 1 to 10 years. We strongly advise our clients to carefully consider the pros and cons of FRBL before they opt for this loan type. The penalties to exit a FRBL early can run into tens of thousands of dollars.Â
FRBL’s are less flexible that variable loans, i.e.
In the main, you are extremely limited in how much you can make in extra repayments
To counteract the draw backs of FRBL’s, we suggest the borrower may wish to consider a combo loan- part fixed and part variable. Ask us about our Combo Loans.
FRBL’s are perfect for investment property purchase.
Before making any decisions read this article ‘Think before fixing your interest rate’.
Signup to receive the Better Choice quarterly Mortgage and Finance Newsletter and other enews articles tips and more!
We promise to keep your information confidential and to respect your privacy.
