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15 Year Fixed Rate Home Loans
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intellichoice
What is a 15-Year Fixed Rate Loan?
A 15 year fixed rate is the maximum time you can fix the rate of a normal loan in Australia. With economic uncertainty on the horizon, many are taking proactive measures to ensure financial security by choosing to lock in their loan rates. Doing so can help protect borrowers – and those they care about – from potential hardship during times of crisis.
Intellichoice is here to keep your home loan options structured to benefit your family. With our financial analysts, you can choose which products have suitable fees, including early repayment arrangements, redraw fees, and other expenses related to a fixed rate home loan. We use our decades of experience to lock you at an optimal mortgage rate.
Ready to apply for a 15 year fixed rate home loan?
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intellichoice
Are 15-Year Fixed Rate Loans Practical?
The most beneficial aspect of 15-year fixed rate home loans is that rate fluctuations and increases won’t affect your loan. If you expect interest rates in the Australian housing market to increase over the coming years, locking in a fixed rate today means you’re insulated from these higher rates.
Another key advantage is that with a fixed loan you can “set and forget” it. You’ll be making the same repayments year after year, which means you can easily plan and manage your finances for the long term.
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What You Should Remember About 15 Year Fixed Rate Home Loans Australia
Locking in a fixed interest rate also has its considerations. With a 15-year fixed rate loan, you will have fewer features than variable rate home loans. This is understandable since you are essentially locked in for the same mortgage rate over 15 years. Offers that include cash back deals or early repayments may not be included in a fixed rate loan.
If you are after home loans that include specific redraw and extra repayment options, then a 15-year fixed rate home loan may not be the best product at the moment. Moreover, any cash back deals or packages may be reserved for variable home loans.
The good news is you structure your loan to get the best of both worlds. There are lenders that offer fixed rate home loans with some flexibility. While the terms won’t be as adaptable as a variable loan, there are agreeable arrangements that could save you money on repayments.
Want to learn more about 15 year fixed rate loans? Talk to us
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intellichoice
Why Partner with Intellichoice?
Our financial experts not just source your loan, they become part of the journey. We understand that trust and strong relationships are essential in financing projects – this is why we guide our clients through every step of their loan process to ensure long-term success.
- Long-lasting connections. Our financial professionals are committed to more than simply finding a loan. We strive for long-term partnerships and build trusting relationships with our clients as they access multiple loans over time.
- Consistent service. Whenever you need fixed year home loan advice, we are here. Approaching our financial advisers give you an excellent deal on your loan, but a trustworthy partner in your important home loan decisions.
- Get a suitable loan. Working with Intellichoice can be the difference between securing a great loan rate or missing out. Our brokers have access to trusted boutique lenders who are committed to making sure you get an understanding assessment of your specific needs and circumstances – something banks may not always prioritize.
Consult with our mortgage brokers today