MORTGAGE TYPES
Terms with most main banks typically range from 6 months to 5 years, with some other lenders offering longer-term options if required, although these are not widely used in practice. This allows you to choose a structure that suits your financial goals.
While fixed rates provide stability, they also come with less flexibility. Most banks will allow you to make limited extra repayments during the fixed term, commonly up to around 5% of the loan balance per year without penalty. The ability to increase your regular repayments can also vary by lender (for example, some banks may allow increases of around $250 per week), so this is something we structure carefully based on your bank’s policy.
At the end of a fixed term, you have the ability to make larger lump sum repayments or restructure your lending without any break costs.
Fixed loans are often used to provide peace of mind and consistency, and are commonly combined with more flexible lending (such as floating or revolving credit facilities) to create a well-balanced loan structure.
Know exactly what you'll pay each month with a locked-in rate.
Ideal if your circumstances change — your repayments stay the same.
Secure your rate even if interest rates increase during your term.
Some lenders may apply early repayment penalties for lump sum reductions or paying out your loan early.
A fixed rate loan is best suited for borrowers looking for stability and certainty in a fluctuating interest rate environment.
At Caldwell Mortgage Advisers, we:
We compare multiple lenders to find the best fixed rate option for you.
We guide you from initial consultation to final settlement — every step of the way.
Secure your rate even if interest rates increase during your term.
Ready to explore your fixed rate loan options? Get started today.
