Help guide
Fixed vs variable home loans: a decision framework
How borrowers often weigh certainty vs flexibility, portability, offset use and refinance optionality — not a prediction on rates.
Fixed tendencies
Fixing trades payment certainty for limiting features (extra repay caps, portability friction) depending on lender.
Break costs loom if plans change sooner than expected.
Variable tendencies
Variable aligns with offsets, faster extra repayments and easier lender switching—but repayments drift with cash rate cycles.
Split loans mix both — budgeting clarity vs complexity.