Fixed, floating or split mortgage?

Choosing the right mortgage structure is a key financial decision. A fixed rate mortgage offers payment certainty for a set term but has less flexibility and potential break fees. In contrast, a floating rate provides flexibility for extra repayments but can rise unexpectedly, impacting your budget.

Many homeowners split their mortgage between fixed and floating portions to balance security with flexibility. Options like offset or revolving credit loans can also help you pay your mortgage off faster. Professional advice is essential to create the best strategy.