Split loans

  • Hedge your bets on interest rises
  • More monthly repayment certainty
  • Make additional payments

A split rate home loan is a loan that splits the loan into two (2) parts - a fixed rate portion and a variable rate portion. You choose how much to allocate to each portion.

Benefits:

  • Provides some peace of mind for borrowers concerned about rate rises
  • Allows for some degree of budgeting for monthly repayments
  • Allows additional payments on the variable portion of the loan

Disadvantages:

  • Allows extra payments on variable component only
  • Repayments on variable portion will increase with increases in official rates

With hundreds of different loan products in the market from all lenders, it can be a daunting time to go shopping for a home loan if you are doing it yourself or don't know what to look for. The benefits of why you should use a professional Time Finance Mortgage Broker are guaranteed.

It's time! Contact us now to get started

Have a Time Finance expert contact you to get your loan requirements arranged on a no charge, no obligation basis.

Please call me

Takes just 45 seconds

Enter loan details now

Free service & no obligation

Take a few seconds to tell us your loan needs first

Free service & no obligation

Icon-special-45sec

Time to contact us

Free service & no obligation

Home loan calculators
Saving time & money with extra payments

Find out how much time extra payments will reduce the life and interest of your loan.

Extra payments calculator

More home loan calculators
FAQs
:

Depends on the size of your deposit, the value of the property, and your servicing capacity (based on your income and how much you are able to repay).

:

Most mortgage lenders will require a deposit of 20% or more of the property price. Less may be required however will require mortgage guarantee insurance in most cases

:

Depends on the type of loan, intrerestr rate, payment term, and whether you pay monthly or fortnighly. Use us mortgage calculators to guide you.

:

Every state is different and may depend on the value, whether you are building or buying an established home. Read more in our FHOG article

:

It is a rate that includes both the interest rate and the fees and charges relating to a loan, combined into a single percentage figure that lets you compare loans from differengt lenders on a fair comparison.

:

This 'in principle approval' is usually valid for 3 months. Gives you the confidence on how much you can borrow before your purchase a property.

:

The cost of Stamp Duty varies between States and Territories. Subject to your personal loan circumstances, the cost of stamp duty can be included in the loan amount you borrow.

View more FAQs
Ele-quote-top

The time is always right to do what is right

Martin Luther King

Ele-quote-bot