Useful Tips

Fixed Rate Update

Click here to see some of our Panel Lenders’ most competitive fixed rate loans.

One of the best rates from our lender panel this month is:

2 year fixed rate 3.65% – Heritage Bank

(Interest rates are for Loan sizes over $250,000. LVR and other conditions may apply)

Email us if you would like to know how this would change your repayments and your loan flexibility.

Or call us for a chat about your personal situation to see if fixing your interest rate would suit you.

What does it mean?

INITIAL – The fixed rate term is for a pre-determined length of time – e.g. you choose to fix the rate for 3 or 5 years (other terms are available). This is the initial rate

REVERT – At the end of the fixed rate term, the interest rate ‘reverts’ to a variable rate. This is the revert rate – however, as it is variable, the revert rate will be the prevailing variable rate at the end of the fixed rate term.

CR – The comparison interest rate. This is a legislated calculation that takes into account all ascertainable interest rates and fees for a 25 year loan term

LVR – Loan to Valuation Ratio – the loan as a percentage of the purchase price. So if you bought a $500,000 property and the loan was $400,000 – the LVR would be 80%.