Buying guide
Fixed, floating or split mortgage?
Understand your options
6 December 2023
AI summary
Choosing the right mortgage structure is crucial for managing your home loan effectively. Fixed-rate mortgages provide payment certainty but limit extra repayments and may have break fees. Floating-rate loans offer flexibility for lump-sum payments but can be unpredictable if rates rise.
A popular strategy is splitting your mortgage across both fixed and floating rates. This approach balances the stability of a fixed portion with the flexibility of a floating one, helping you manage risk while enabling faster repayments.
How does a fixed mortgage work?
Choosing a fixed rate term
There may be some repayment flexibility with a fixed mortgage
How does a floating mortgage work?
Why do floating rates change?
What are the different types of mortgages?
Examples of possible mortgage structures
Getting experienced advice
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