Fixed rates aren't all that they are made out to be

Home owners and investors have enjoyed the highly competitive home loan market, with fantastic rates and promotional offers from a myriad of lenders.  

Although fixed rates are currently sitting well below the standard variable rates (SVR), scare tactics often blur the lines between true benefits and difficult predictions.  

It is important to consider all aspects of a fixed loan product, as they are generally far less flexible than their variable siblings.

For you, this could potentially cost you thousands in the loss of savings by smartly working with loan features, such as offset accounts and extra repayments, plus they can cost you hefty penalties and break costs due to their lack of flexibility.

Finance specialist, MoneyQuest is currently offering all TaxAssist Accountants clients a no-obligation free home loan review before considering locking in your interest rates.

Please contact your nearest TaxAssist Accountant today to take advantage of this offer.    

General Advice Disclaimer: The information contained in this article is general in nature only and does not constitute personal financial advice. It has been prepared without taking into account your personal objectives, financial situation and needs. Before acting on any information contained in this document you should consider the appropriateness of the information having regard to your objectives, financial situation and needs.

Date published 28 Sep 2017

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.