The main advantage of a Fixed Rate Home Loan is the stability it provides. Your interest rate remains constant throughout the loan term, ensuring your monthly payments do not change even if market rates fluctuate. This predictability is ideal for long-term budgeting and financial planning.

Unlike adjustable-rate mortgages, where interest rates can vary, Fixed Rate Mortgage Loans lock in your interest rate for the entire loan term. This means more predictable monthly payments and less vulnerability to interest rate increases, which is particularly beneficial in a rising rate environment.

Yes, you can refinance an existing mortgage into a Fixed Rate Mortgage Loan. This is often a good strategy if you're seeking more predictable monthly payments or if fixed interest rates are lower than your current rate. Our team can guide you through this process.

Early repayment penalties depend on your specific mortgage terms. Some Fixed Rate Home Loans may include prepayment penalties, especially if paid off or refinanced before the end of the term. We advise discussing this with our team to understand the specifics of your loan.