Split Home Loans in Brisbane

We Can Help You Get a Loan And Help You Prepare For A Loan

Affordable Split Home Loans in Brisbane

A split home loan combines the best of both worlds by providing security in the form of a fixed-rate loan and flexibility through a variable-rate loan. The loan can be split into two parts: fixed and variable. Such a strategy ensures that you stay comfortable with the fixed portion, which continues to make the same payment every month while enjoying possible cuts in rates on the variable portion. Split home loans are best suited for customers who need security as well as ease and flexibility in their financial dealings.

For its customers, Brisbane Home Loans offers bespoke split home loans to cater to varying customer needs, from property buyers to investors and home refinancers. We have knowledgeable brokers who can guide you to the best lenders and can identify a mix of fixed and variable interest rates to help you find that perfectly balanced split fixed and variable home loan for your home.

Key Features of a Variable Home Loan

Balance of Fixed and Variable Rates:

With split-rate home loans, one can enjoy a combination of fixed interest rate portion with assured predictable repayments, and the variable portion changes in sync with changing market conditions. This balance stabilises your repayments while giving you benefits in case of reductions in variable interest rates.

Additional Repayments on Variable Portion:

The variable part of your split home loan can let you make extra payments without penalty, helping to pay back that portion faster and saving on interest. Therefore, you have the flexibility to reduce the loan principal quicker when the money becomes available from other sources.

Redraw Facility for Variable Portion:

Most split home loans will have a redraw facility over the variable component. Therefore, you can redraw that money if needed when you pay extra. Again, you gain more flexibility and control because you can use those additional repayments in case of some unforeseen emergency or commitment later on.

Offset Account on Variable Portion:

A split home loan can provide an offset account on the variable component. The account decreases the interest paid on a variable loan based on the balance of the client’s offset account. For example, assume you have a variable component of $200,000, and your offset account is currently holding $30,000; you will only be charged interest on $170,000, offering significant interest savings over time.

Benefits

Stability with Flexibility: Split home loans offer the predictability of fixed-rate repayments on the fixed portion and flexibility with the variable portion. You can make additional repayments against the variable portion, take advantage of rate cuts, and enjoy features such as redraw and offset accounts.
Risk Mitigation: With a split-rate home loan, you avoid exposure to fully paying the increased interest rate associated with a variable loan if interest rates increase. The fixed portion will protect against sudden interest rate hikes, enabling you to retain control over your monthly repayments.

Make an Online Application and See If You Qualify for A Loan

Apply Online

Consequences

Limited Flexibility on Fixed Portion: The fixed-rate portion of your home loan split does have some constraints. For example, there is a limit on additional repayments and potential break fees if you wish to pay out or refinance earlier than the end of the fixed term. This could restrict your ability to pay back the loan faster.
Rate Increases on Variable Portion: If the interest rate increases, you will pay more on the variable portion of your split fixed and variable home loan. This could become a budget issue if there is a significant increase. While the fixed component ensures stability, rapid increases in the variable component could still affect your budget and overall financial standing.

Customers Testimonials

It was Our First Home and We had No Idea. Thanks to The Team From Brisbane Home Loans
Daniel and the team at Brisbane Home Loans were super helpful and friendly to me as it was my first home loan and I had no idea! They answered all my questions and were very hardworking. Would definitely recommend to a friend.

Tom Harvey

They Made Buying Our First Home Easy and Fun. Thanks
The team at Brisbane Home loans have been super helpful and extremely professional to assist us with all our first home questions. will be recommending them to everyone I know looking to buy!

Nathan Cook

Thanks for Helping me Turn my Dream into a Reality
Service was great, very informative and kept me up to date on all progress and all steps. Follow up after it was all done and dusted was also great. Took the stress out of it which was a great help for my busy life. I would totally recommend Dan and Jordan to anyone.

Emma Schefe

SimpleTransparentSecure

Get a Flexible Variable Home Loan Quickly