Combination Fixed and Variable Interest Rate Loans
November 8, 2009 by geelong_finance_home_loans
Filed under Conbination Fixed and Variable Interest Rate Loans
Successful Money Management – servicing the Geelong finance market for over 10 years.
Split Home Loans – Combination of Fixed and Variable Interest Rate Loans
Split home loans or combination loans allow borrowers to have part of their home loan as a variable rate loan and the other part as a fixed-rate loan. The overall loan amount is considered a total, however the fixed interest rate component and the variable interest rate component are treated separately for the purposes of the loan contract.
