FIXED OR FLOATING

FIXED OR FLOATING HOME LOANS

There are literally hundreds of loans available in today’s market, but two of the most common are fixed and variable interest rate loans.To put simply, a fixed rate loan has an interest rate set for an agreed period of time and is therefore not subject to rate changes. Variable rate loans go up or down depending on broader interest rate movements. Both have their advantages and disadvantages, so be sure to ask us plenty of questions prior┬áto making your decision.