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Frequently Asked Questions

What is a variable loan rate?

A variable rate home loan is where your interest rate will vary with market changes. This may mean your minimum repayments will also vary.

As external interest rates rise and fall, so too will your rate and repayments. This often makes it difficult to budget and plan for the future as the amount you are paying can change. This might seem a little nerve-wracking – especially for those who want to know exactly how much they’re going to pay each month – but there are many benefits to variable rate loans as well.

What is a fixed loan rate?

A fixed rate loan is when your interest rate is essentially fixed for a set period. This means your minimum repayments will remain the same for a set period – commonly, five years.

While these loans tend to attract fewer fees due to reduced loan features, there’s also a risk that if interest rates drop, you won’t receive any of the benefits.

What is a partially fixed rate?

If choosing an entirely fixed rate or variable rate home loan seems too overwhelming there is another option.

You can consider doing both, a split between fixed and variable. For instance, you may choose to do a 50/50 split which means that for half of your loan, the interest rate is fixed and will not vary. However, the other half will vary in line with market conditions.

Work with an Inovayt broker

Our team of expert brokers are with you through every step of the way on your home buying journey. Not only do we help you find the right loan, we also stay with you right up until after settlement, helping you navigate stamp duty and other home buying fees.

At Inovayt, our mission is to provide lifetime financial solutions by thoroughly understanding your individual needs and goals. As such, we believe every client deserves our award-winning customer service. Our friendly team prioritises client satisfaction above all else, going above and beyond to help you achieve your financial goals. Regardless of what stage of the finance journey you’re on, our team provide quality advice to help you make informed and empowered financial decisions.

Our customer service extends far beyond your initial meeting, as we believe in nurturing you beyond the first transaction. Our brokers work hand in hand with you to ensure you receive the best possible outcome and are available to chat face to face, online, or via the phone at a time that suits you.

Our focus is always on achieving the best possible outcomes for our clients. Finding the right finance to match your goals and objectives is no easy task, so our friendly team work tirelessly to tailor a solution for you. We are solutions-driven, so we work hard to tackle any hurdles that may arise to ensure client satisfaction.

Why Choose Inovayt

Finding the right financing to match your needs and goals is never an easy task. Our team prides themselves on finding the right solution for each client, regardless of their personal situation.

Our brokers work hand in hand with our clients, to ensure they receive the best possible outcome. We are available to chat face to face, online, or via phone, at a time that suits you.

Our focus is always about achieve the best possible outcomes for our clients. We will tackle any hurdles that may come up, to ensure that you are satisfied and have achieved your desired outcome.

Simple

Finding the right financing to match your needs and goals is never an easy task. Our team prides themselves on finding the right solution for each client, regardless of their personal situation.

Flexible

Our brokers work hand in hand with our clients, to ensure they receive the best possible outcome. We are available to chat face to face, online, or via phone, at a time that suits you.

Solutions-driven

Our focus is always about achieve the best possible outcomes for our clients. We will tackle any hurdles that may come up, to ensure that you are satisfied and have achieved your desired outcome.

Our experienced and friendly team can provide you with lifetime financial solutions by understanding your individual needs and goals.

Get in touch
1300 354 355

Send us an email info@inovayt.com.au

Start your journey, contact Inovayt today

Get in touch
1300 354 355

Send us an email
info@inovayt.com.au

If you’re searching for a home loan either to refinance or for your new home, our free loan comparison calculator can help you.

If you’re searching for a home loan either to refinance or for your new home, our free loan comparison calculator can help you.

Frequently Asked Questions

Work with an Inovayt broker