Due to the volatility of financial markets and the increase in interest rates, there has been an increase in the popularity of fixed rate mortgages. Of all the mortgages taken last year approximately one out of ten borrowers chose fixed rate loans.
When you refinance your home loan, you obtain a new loan to replace your existing one. The new loan uses the same property as collateral.
Financial calculators are great tools for determining things like how much to spend, how much home you can afford, what credit card you should apply for, how much interest you will pay over the life of a loan, and much more.
WARNING: Comparison rate based on a loan of $150,000 for a term of 25 years. This comparison rate is true only for the example or examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate. Interest rate is correct as at last update. Lending criteria and fees and charges apply. Interest rates to existing borrowers may vary to the advertised rate on this website.
Whilst eChoice works hard to aggregate the highest quality data and to keep the information and loan data on our website and tools accurate, complete and up-to-date, eChoice and its suppliers cannot guarantee, and will not be responsible for any damage or loss related to the accuracy, completeness or timeliness of the information and data. Content, product information, comparisons, statistics and reviews published on this site may have changed or unavailable at time of enquiry. Any content published on this site is for information purposes only and we recommend you seek financial advice prior to applying for any product or service.