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Split Loans

A split rate home loan is a loan that splits the loan into two (2) parts - a fixed rate portion and a variable rate portion. You choose how much to allocate to each portion.

Benefits:

  • Provides some peace of mind for borrowers concerned about rate rises
  • Allows for some degree of budgeting for monthly repayments
  • Allows additional payments on the variable portion of the loan


Disadvantages:

  • Allows extra payments on variable component only
  • Repayments  on variable portion will increase with increases in official rates

 

With over 650 different loan products in the market from all lenders, it can be a daunting time to go shopping for a home loan if you are doing it yourself or don't know what to look for. The benefits of why you should use a professional Time Finance Mortgage Broker are guaranteed.

 

Distance tests a horse's strength. Time reveals a person's character.
Chinese Proverb

 

Split Loans

  • Hedge your bets on interest rises
  • More monthly repayment certainty
  • Make additional payments

Have a professional Time Finance mortgage broker contact you to get your loan requirements arranged on a no charge, no obligation basis.

Call 1300 833 839 or enquire online ›››

Choose from over 650 loan products from Australia's Top Banks and Mortgage Lenders.