Fixed vs Variable Home Loans: What’s Best for You?

One of the most important choices every homebuyer has to make is whether to opt for a fixed rate or variable interest rate loan. Both have advantages and disadvantages, and the best option depends on your circumstances and goals. At Taz Mortgage Solutions, your trusted finance broker Canberra, we guide you in making the right decision.

The Fundamentals

What Is a Fixed Home Loan?
With a fixed home loan, your interest rate is locked in for an agreed term—typically 1 to 5 years—providing secure repayments. This simplifies budgeting and offers peace of mind, especially for first-home buyers in Canberra.

What Is a Variable Home Loan?
A variable-rate loan fluctuates with the market. While your repayments can change, these loans often allow for extra or early repayments without additional fees—ideal for borrowers seeking flexibility.

Pros and Cons

Fixed Home Loan

Pros:

• Predictable repayments

• Protection from rising interest rates

• Easier budgeting

Cons:

• Less flexible terms

• Higher exit or break fees

• No benefit from falling rates

Variable Home Loan

Pros:

• Flexible repayment strategies

• Benefit from interest rate reductions

• May include features like redraw and offset accounts

Cons:

• Repayments may increase

• Harder to predict monthly expenses

Which Option Is Right for You?

Consider Your Situation

• First home buyers in Canberra often prefer fixed loans for budgeting security.

• Investors or higher-income earners may choose variable loans for added flexibility.

Still unsure? A split loan—part fixed, part variable—can offer the benefits of both, giving you a mix of stability and flexibility.

Professional Mortgage Advice

Have an Expert Guide You Through the Choice

Choosing between fixed and variable depends on your risk tolerance and financial goals. A professional finance broker Canberra can help you compare your options and make a tailored decision.

At Taz Mortgage Solutions, your best mortgage broker Canberra, we create personalised strategies aligned with your lifestyle and long-term plans.

Confused by all the home loan options?

Call Taz Mortgage Solutions, your expert home loan broker in Canberra, today for trusted mortgage advice and tailored home loan solutions.

What You Should Know About Refinancing Your Mortgage in 2025

Refinancing your home loan can be a smart financial move—if done with the right advice. Whether you’re looking to lower your repayments, access home equity, or switch to a better deal, understanding how refinancing works in 2025 is vital.

At Taz Mortgage Solutions, we’re more than just a broker—we’re your experienced finance broker Canberra offering expert home loan tips and customised guidance.

Why Refinance?

Refinancing means replacing your existing mortgage with a new one—potentially with improved terms, rates, or features. Common reasons to refinance include:

✅ Reduced Interest Rates

With rates always shifting, 2025 could be the right time to lock in a better deal. Even a small drop can save you thousands over the life of your loan.

✅ Consolidating Debt

Combine multiple debts under one loan to simplify your repayments and potentially reduce your total interest.

✅ Accessing Equity

Want to renovate or invest? You can refinance to unlock the built-up equity in your home to fund your plans.

When Is the Right Time to Refinance?

Consider refinancing if:

• Your fixed-rate term is ending

• Your financial goals have changed

• You’re paying more than the current average rate

• You need flexible features like redraw or offset accounts

Home loan tip: Always assess break costs and other fees before switching loans.

Key Refinancing Steps in 2025

1. Assess Your Current Loan

Know your current rate, features, and exit fees before making any move.

2. Compare Home Loan Options

A Canberra mortgage broker like us compares hundreds of options to find the one that suits you.

3. Submit Your Application

After selecting a new lender, we handle the application and settlement smoothly.

Benefits for First Home Buyers in Canberra

Even if you’re a first home buyer, refinancing after a few years may offer better terms—especially if your equity has grown or your income has improved.

Get Expert Help from the Best Mortgage Broker Canberra

Refinancing doesn’t need to be complicated. With the right finance broker Canberra, you get expert insights, competitive rates, and personalised service. At Taz Mortgage Solutions, we take pride in helping clients make informed, confident decisions about their home loans.

Ready to explore your refinancing options in 2025?
Call Taz Mortgage Solutions—your best mortgage broker Canberra—today for a free consultation and expert advice tailored to you.

you can also review our guide:- Home Loan Products Explained: Finding the Right Mortgage for Your Situation