5 Things to do if your fixed rate expires this year

  1. Find out the expiry date –Avoid surprises or a last-minute effort to find a solution. If your loan is with us, send our team an email and we can let you know.
  2. Review your budget – Look at where your money is going and see where you can cut back. If you don’t currently have a budget and your rate is due to expire, it’s time to make one.
  3. Consider extra payments – If it’s feasible for you to do so, making an effort to pay off a portion of your home loan before a higher interest rate takes effect might be worth considering. 
  4. Don’t get stuck paying loyalty tax. – At the end of the period, you could revert to the standard variable rate. This can often be higher than what’s available if you refinance or even if you speak to your current lender. 
  5. Speak with us early! – We can do the hard work by assessing your financial position, seeing what’s on offer elsewhere, contacting your existing lender if required, and coming up with a plan that best works for you.


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