Combination - Split home loans
Combination or Split home loans give you the interest rate security of a fixed rate loan with the flexibiliy of a variable rate loan in one home loan, allowing you to save money over the term of your loan; a Loan Market mortgage broker will tailor your split loan to maximise your savings.
A combination or split home loan ‘splits’ the total amount you are borrowing between loan products, usually a fixed and variable interest rate home loan.
You may be able split your home loan into two or more portions and specify what percentage of your home loan is allocated to each product. The portions are assessed together as a single total for approval and serviceability, but each part is treated as a separate loan for documentation purposes.
Combine the benefits of a variable and fixed home loan
The way in which you split your loan and the extra features you choose can ultimately save you thousands. To customise your split loan to suit your needs with the right features, or to talk to a mortgage broker about the the home finance options that are in your best interest call us on 13 LOAN ( or direct on +61 2 9249 3739) or email us the form on this page and we will contact you within 2 business hours.
Combination-split home loan benefits
The advantage of combination or split rate home loans is that they allow you a great deal of flexibility in how you manage your loan: the fixed interest rate portion gives you the security of stable interest rates and repayment levels, while the standard variable interest rate portion allows you to take advantage of loan features such as additional repayments and redraw.
Combination or split home loans are particularly useful in a rising interest rate environment, because they allow you to hedge your bets and take advantage of the best of both products.
maximise your savings with a combination-split home loan
To discuss how to split your home loan in your best interest, talk to your local Loan Market mortgage broker and we will return your enquiry within 2 business hours. Or call us at any time on 13 LOAN or direct on +61 2 9249 3739.
