#Variable Loan

Fixed Rate vs Variable Rate? Which One Should YOU Choose? 📈

Let's talk about variable vs fixed rates 🤔 Your home may be repossessed if you do not keep up repayments on your mortgage. You may have to pay an early repayment charge to your existing lender if you remortgage.

Fixed or Variable? Let’s unpack your mortgage options 🏡💡 When it comes to your home loan, one of the biggest questions is: should you fix your rate or stay variable? 👉 Fixed Rate: Locking in your interest rate gives you certainty. Your repayments stay the same for a set period — perfect for budgeting and peace of mind. But, if interest rates drop, you miss out on the savings. 👉 Variable Rate: A variable rate moves with the market. That means your repayments could go up or down. Flexibility is the upside — you can make extra repayments or refinance more easily — but it also comes with uncertainty. 💭 So which is better? It depends on you: • Do you value stability or flexibility? • Are you expecting rates to move? • What’s your cashflow capacity if rates rise? 🔀 Many people choose a split loan — fixing part and keeping part variable — to balance certainty and flexibility. Remember, there’s no one-size-fits-all answer. It’s about what gives you confidence and control in your financial plan. #MoneyMechanics #ScottMalcolm #MortgageTips #FixedOrVariable #FinancialPlanning

Interest rates might rise. Should you fix your home loan if you’re on 5.40%? I’ve had a lot of clients ask this lately, so let’s break it down properly, without scare tactics. 1. What does being on a 5.40% variable rate mean? A variable rate moves with the market. Right now, 5.40% is actually a very competitive rate. Pros of staying variable • Full offset access • Unlimited extra repayments • Easy to refinance or restructure • You benefit if rates fall in the future The downside • If rates rise, repayments increase Example: Loan balance: $650,000 Rate: 5.40% If rates rise by: • 0.25%: repayments increase by roughly $95 to $110 per month • 0.50%: repayments increase by roughly $190 to $220 per month For some households, that’s manageable. For others, that change affects day-to-day cash flow. 2. What happens if you fix your rate instead? Fixing your loan locks in your rate for a set period, usually 1 to 5 years. Right now, fixed rates are a bit lower than variable 1 year fixed rate is 5.28% and 2 years fixes rate is 5.33% Pros • Repayment certainty • Easier budgeting • Helpful if income is changing or tight Cons • Limited or no offset access • Caps on extra repayments • Break costs if you exit early Example: Variable rate: 5.40% Fixed rate offered: 5.28% to 5.33% You are paying similarly for certainty. 3. What about splitting the loan? A split loan means part fixed, part variable. Example: Loan balance: $700,000 • $350,000 fixed for 2 years • $350,000 variable at 5.40% with offset This gives you: • Some protection if rates rise • Ongoing offset access • Flexibility to make extra repayments For many borrowers, this is the most balanced option. 4. So what should you actually do? It depends on: • How tight your budget is • How much buffer you have in savings or offset • Job and income stability • Upcoming life changes Sometimes fixing makes sense. Sometimes staying variable is smarter. Sometimes doing nothing is the right move. If you’re on a variable rate around 5.40% and unsure what to do next, I’m always happy to run through it with you and explain your options in plain English. #property #realestate #propertyaustralia #homeownership

Don't let your fixed rate end without notice. ⚠️ This mistake could end up costing you thousands if you were to fall onto your lender's standard variable rate! 💷 Contact us six months before your fixed rate ends, and our team will do the heavy lifting to get you a new deal that works for you! Reach out today 📞 Your home may be repossessed if you do not keep up repayments on your mortgage.

Fixed rate ending? Don’t let payments climb ⏳🏡 When your deal finishes, you could move onto a higher standard rate. That can mean paying more than you need to. We can review your options and secure the right mortgage 💷 Ready to act? Get in touch today. Your home may be repossessed if you do not keep up repayments on your mortgage. You may have to pay an early repayment charge to your existing lender if you remortgage

Interest rate updates can feel unsettling, especially when the headlines are loud. What really matters isn’t the news itself, but whether your loan still supports your financial position and future plans. Rate changes are a normal part of the cycle. They’re simply a prompt to review, reassess and make sure your loan remains competitive and structured correctly. At Finestream, we focus on clarity. We review your rate, check your structure and provide straightforward advice so you can move forward with confidence. If the latest update has raised questions, we’re here to help 💬 Thanks for the video inspiration on this one @adam_sullo @evidencebased_training 🧡

Fixed vs Variable, what’s the actual difference? This is one of the most common questions I get from buyers. In simple terms: - Fixed rate = certainty. Your rate (and repayments) are locked in for a set period. Easier to budget, but less flexible. - Variable rate = flexibility. Your rate can move up or down. Repayments can change, but you usually get features like extra repayments, offset accounts and easier refinancing. - Split loan = a bit of both. There’s no universal “best” option. It comes down to how you plan to use the loan, how important repayment certainty is to you, and how much flexibility you want. The goal isn’t just chasing the lowest rate, it’s choosing a structure that actually suits your situation. If you’re weighing up fixed vs variable and want clarity around what might suit your plans, send me a message or book an initial chat through the link in my bio. ________________________________________ Disclaimer: This content is general information only and doesn’t take into account your personal objectives, financial situation or needs. It’s not financial or credit advice. Before making any decisions, consider whether it’s appropriate for you and seek independent advice if needed. Loan eligibility, interest rates and government schemes are subject to change and lender criteria. 📩 First home buyer or need tailored advice? Get in touch. Evergreen Lending Group Credit Representative 575199 Authorised under Australian Credit Licence 486112

Follow me — I’m Chris @christhompsonfinance. A Mortgage broker on a mission to make property and finance simple through free education. 📚🏡 5 signs it’s time to refinance: • Your rate hasn’t been reviewed in 12+ months • Your fixed rate is ending • Your property value has increased • Your income has gone up • You want to reduce repayments or restructure Refinancing isn’t just about chasing a lower rate. It’s about making sure your loan still matches your goals. If you haven’t reviewed your loan recently… chances are your bank won’t do it for you. DM me “REVIEW” and I’ll run the numbers.

Thinking about fixing your home loan rates? 🤔 Nathan shares 3 things to consider before fixing. 😀

Variable vs Fixed Rate 🤔 The choice is yours, but let us help you make an informed decision 💡 Your home may be repossessed if you do not keep up repayments on your mortgage

The difference in securing that first property or maybe even your first investment property will be to look at your options and know which bank or lender is going to be best suited for you #fyp #financetok #homeloantips #purchaseinvestmentproperty