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Fixed homeloan rates increase?

Posted by sammy_steed sammy_steed
Message 1 of 2 227 Views
Hi, I've recently got a new job and would like to pay a lot extra of my fixed rate mortgage. What is the maximum overpayment I can make per year and if I go over this amount what will happen?

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Re: Fixed homeloan rates increase?

Posted by SarahF SarahF
Message 2 of 2 220 Views

Hi @sammy_steed, thanks for your enquiry in regards to extra repayments for fixed home loans. For fixed home loans you can make extra repayments up to $10,000 a year however you also have the option of an Offset account which will offset your mortgage for 40%. Hope that helps!

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