Fixed interest mortgage

Discussion in 'Loans & Mortgage Brokers' started by Sigemup, 12th Apr, 2019.

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  1. Sigemup

    Sigemup Well-Known Member

    Joined:
    31st Mar, 2019
    Posts:
    210
    Location:
    NSW
    Hi guys

    Is it possible to get a fixed interest mortgage for a 30 yr term.

    If so what are the implications of that. I know the rate maybe higher than the variable rate. But if I am ok with that, what are the other things about it.
     
    Sigemup, 12th Apr, 2019
    #1
  2. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    10,654
    Location:
    Gold Coast (Australia Wide)
    fixed rates tend to be limited to 5 yrs, with some rare ones up to 10 years.

    Long term fixed rates may be quite limiting to what you can do with the equity

    ta
    rolf
     
    Rolf Latham, 12th Apr, 2019
    #2