Commonwealth Bank and St George today announced an increase to their 3 year fixed rate to around 7.29% before any discounts. This increase comes 3 weeks after they followed other lenders in reducing their fixed rates down to levels that have not been seen for quite some time.
Deciding whether to fix in or stay on variable is always a difficult question. No one knows what is going to happen with interest rates. Main advantage of fixed is that you have certainty of repayment so if one or two rate rises is going to totally blow your budget then perhaps it is time to fix in.
Information on Temporary Resident Home Loans here and Australian Expat Home Loans here.
KarynMAP home loans were referred to me by my Financial Advisor. I was looking to purchase my forever home as I transition to retirement. It was a long shot that I would be able to purchase another home but with the help of Justin at MAP Home Loans this become a reality. I would recommend contacting Justin for your home loan needs.
Grant VolrathI was referred to MAP Home Loans through a 3rd party and can say that I was very well satisfied. Justin never missed any communication and seemed to go above and beyond to help us with our loan. Not only that but the care before and after along with guidance he got us a couple government grants too. Absolutely fantastic Job and will definitely be passing on his information to any friends and peers.
CatiaA huge thank you to Justin for his outstanding service! Finding the perfect place was no easy task and it took a while, but Justin’s support made all the difference. He was always available, providing expert advice and guidance every step of the way. He ensured that I was prepared for the application process, leading to a smooth and successful outcome. I couldn’t have asked for a better experience, and I wholeheartedly recommend Justin. Thanks for helping with this important milestone for me and my little family.
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