Quiz: Should I Get a Variable or a Fixed Home Loan?

Answer 6 simple questions to find out if you are more suited to a Fixed home loan or a Variable home loan.

Question 1:

Do you want the security of knowing your mortgage repayments will not change for a fixed period?
Yes | No | Indifferent

Are you happy to have a lower interest rate initially, but risk it rising in the future?
Yes | No | Indifferent

Do you think interest rates will rise in the future?
Yes | No | Don't Know

Are you looking for a home loan that allows you to make additional mortgage repayments?
Yes | No | Indifferent

Are you concerned that you could lock in a fixed interest rate, only to find that the interest rates will reduce?
Yes | No | Indifferent

Are you after an offset account, providing you with the option to reduce your interest bill and pay off your home loan sooner?
Yes | No | Indifferent