Generally speaking, if interest rates are relatively low, but are about to increase, then it will be better to lock in your loan at that fixed rate.
Fixed
Pros
Increases in rates won’t affect you – reduces any stress you may have about this
Makes budgeting easier as repayments will always be the same
Could cost you less
Cons
If interest rates go down, you won’t get the benefits
There is less flexibility in changing your loan and can be expensive if you break the contract
Fewer features – typically borrowers aren’t able to redraw funds or link an offset account to their loan
Variable
Pros
Allows flexibility on repayments (wider range of repayment options)
Likely to pay less interest overall (indicated by several studies)
You benefit from drops in interest rates
Easier to refinance and switch to a different lender or home loan product
Cons
If rates rise, you will end up paying more
It is more difficult to budget as rates can change at any time. Meaning borrowers are required to have more flexibility
What Clients Are Saying About Us
Posted on
Dingo Hunta
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We would like to thank Sahil and team, I was referred by a friend who told me how great their experience was, Sahil's attention to detail and knowledge is above what I have had with any other brokers. Sahil is a pleasure to deal with and we look forward to working further with him and team in the future. Thanks for all your efforts Sahil we appreciate it.
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Craig Porter
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We found the Strawberry team professional, knowledgeable and very responsive. It made the process so much more easier. They were well connected and being new to WA we found that so helpful. We were recommended Sahil and Strawberry Finance team and would be happy to do the same.
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Gazza Family
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I had such a great experience working with Sahil at Strawberry Finance. They were incredibly prompt, helpful, and well-informed throughout the entire process. Everything was explained clearly, and their friendly, professional approach made what can be a stressful experience feel easy and straightforward.
It’s been a true pleasure working with them, and I’ll definitely be recommending Strawberry Finance to friends and family looking for expert loan advice or better mortgage options. Thank you for all your help!
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Nick Paiman
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I got my formal approval today for H&L with Sahil at Strawberry Finance. Sahil has been professional, prompt and always communicated, and followed up with all parties to ensure the deadline is met. He took all the stress away and made the process smooth and fun.
If you are looking for someone who will go above and beyond to find a solution for your circumstance and assist you in getting your loan for your dream home, don’t even second guess and just call this guy. He will sort it out.
Thanks Sahil and team for helping me with mine home.
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salam ishikura
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Sahil from Strawberry Finance is an outstanding mortgage broker! Every client I’ve referred to him has had a smooth and positive experience. He’s professional, responsive, and always goes the extra mile to make the process stress-free. The feedback has been nothing but excellent highly recommend Sahil and the team at Strawberry Finance!
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Zed A
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Sahil and his Team at Strawberry Finance has helped few of my clients recently. They go above and beyond to get the job done - i highly highly recommended them to anyone needing finance. Thank you Sahil and the team at Strawberry finance.
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kamal singh
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⭐️⭐️⭐️⭐️⭐️
We recently worked with Sahil to secure our home loan, and I honestly can’t thank him enough! 🙌 From day one, Sahil was incredibly professional, patient, and always went the extra mile to explain every detail in simple terms. 🏡✨
He not only got us an amazing deal 💰 but also guided us through the entire process with so much care and dedication. What could have been a stressful experience actually turned into a smooth and enjoyable journey thanks to him. 🙏
Sahil was always available to answer questions (no matter how big or small), super responsive, and genuinely had our best interests at heart. ❤️ His knowledge of the industry, attention to detail, and commitment to helping us achieve our dream home were second to none.
If you’re looking for a mortgage broker who truly cares, look no further than Sahil! 👏👏 Highly recommended to anyone wanting a stress-free, professional, and positive experience. 🌟
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Ivan Siviero
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They've been very helpful and professional!highly recommend
Posted on
Tiziano Siviero
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Very helpful and professional!
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