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If you are looking for stability in Loan Repayments, then perhaps a Fixed Rate loan is just what you need.
Fixed Rate loans are based on a set term and interest rate, anywhere from 12 months to 10 years.
This provides some level of security but does not allow reduction in repayment amounts should official interest rates fall.
Once the fixed rate period is finished the rate will normally revert to a standard variable rate unless you choose to
switch to another option. These loans can be combined with variable rate products to provide a mix of security and
flexibility. For example 70% of your loan could be a standard variable loan whilst the remaining 30% could be fixed.
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| Take advantage of our free consultation services. We will come to your place of convenience whether being at home or office. | | | At RN Mortgage Zone, as an appreciation for all the support we received from our valued clients, we would like to take the opportunity to announce our special for this year. Nil application fee for all new home loans in 2007. This offer is available until further notice.
Thank you for your patronage. | | | | |
