What is a split rate loan?
A split rate loan lets you divide your home loan between fixed and variable rate components.
This can be a way to enjoy the best of both worlds – the certainty of a fixed rate and the flexibility and features of a variable rate loan.
What are the pros and cons of a split rate loan?
Pros:
- Provides some peace of mind for borrowers concerned about rate rises
- Provides more certainty in budgeting than full variable loans
- Can make additional payments on variable portion of the loan
Cons:
- Allows limited additional payments only
- Repayments will rise with rate rises on the variable part of the loan
- If interest rates fall, repayments on the fixed rate portion of the loan will remain at the higher fixed amount
Smoother experience as they have all your information.
Better understanding of your financials to provide tailored advice. 
Faster response compared to being matched with a new broker.