When it comes to managing your finances, preparation is the key. And if you’ve locked into a fixed-rate home loan, there’s an all-important date looming on the horizon – the expiry of your fixed rate. What happens next? Often, homeowners are caught off guard by significant increases in their mortgage repayments. This is where the importance of tools like our home loan calculators come into play.
The housing market is dynamic, with fluctuating interest rates that can impact your monthly outlays. If your fixed rate is about to expire, you’re potentially moving into an adjustable rate that could see your monthly repayments rise. But how do you get a handle on what that could mean for your budget?
By leveraging this tool, you can get a forecast of your potential repayment amounts under different interest rates. This not only offers you a crystal-clear picture of what lies ahead but also presents an opportunity for a pivotal financial move – to refinance or not.
Our home loan comparison tool elevates your preparedness even further. Why settle for the first post-fixed rate your current lender offers when there might be a better deal out there?
Here, our refinance home loan calculator proves invaluable. It allows you to compare your current loan against others in the market, giving you the insights to make an informed decision.
So, as the expiry of your fixed rate approaches, don’t be passive. Equip yourself with our suite of home loan calculators to navigate the terrain with confidence. We highly recommend using our loan comparison calculator and invite you to get in touch.
We would love to discuss what opportunities are available for your mortgage, in which we can source from over 60 lenders. Because in the world of home loans, knowledge truly is power.
Click here to explore our calculators and make your appointment today!
Arranging finance can be stressful, especially with some lenders now taking extra steps including going through your living expenses and credit scoring (ouch!). And sometimes banks can make you feel like ‘just a number’. That’s why we want to do things differently: because you deserve better.
As a local family-owned business, our team takes the time to listen, answer your questions and make getting your home, car or equipment loan as easy as possible.
