Fixed Rate
Loans -------------------------
Fixed rate loans are suitable for borrowers who prefer the
comfort of knowing what your loan repayment is going to be each
month. Generally you can fix your interest rate for a period of up
to 10 years. Fixed rate loans are also attractive for investors who
wish to budget and calculate any negative gearing benefit
entitlement. However fixed rate loans generally are not as flexible
as a variable rate loan and most lenders do not allow any lump sum
payments without paying a penalty.
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