Fixed vs Variable Home Loans: Which Is Best?

Written By Todd T

There’s no “one size fits all” answer, it depends on your goals and risk comfort.

Fixed Rate Pros

  • Locked-in repayments

  • Predictable budgeting

  • Peace of mind if rates rise

Cons

  • Less flexibility

  • Break fees if you refinance early

Variable Rate Pros

  • More flexibility

  • Easier to refinance & pay extra

  • Benefit if rates drop

Cons

  • Repayments can rise anytime

  • Less budget certainty

A popular strategy is splitting: part fixed, part variable.

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Todd T
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