Popular questions related to: Rates

The type of interest rate you choose depends greatly on your personal situation, your finances, how long you intend to own the property and whether you believe interest rates will rise or fall.
Some lenders will allow borrowers to split their home loan by repaying a portion at a variable rate and the remaining at a fixed rate.
This is a big decision and our Oxcel Home Loan Specialists are happy to help you choose the option that best suits your needs.

A comparison rate is an indicative interest rate used to help consumers compare home loans. Lenders are usually required to display comparison rates next to each interest rate.
Also known as the the ‘true’ or ‘real’ rate, the comparison rate calculates the average interest rate with the addition of any other upfront or ongoing fees during the loan term. Comparison rates operate under fixed conditions, which considers a loan of $150,000 on a 25 year loan period with a principal and interest repayment method.
Your new fixed rate will generally kick in when your next monthly repayment is due. If you have any issues, contact your lender directly.