There is always great debate as to when is the right time to fix your home loan. Unfortunately no one has a crystal ball so it is always a personal decisions as to whether you should fix or not.
A few questions to ask yourself:
1. What are your financial and personal goals over the next 5 years?
2. Do you need complete stable cash flow?
3. Could you maintain your lifestyle if there was a rate rise?
4. Are you planning to extend your family? (or any moving out?)
There are plenty more questions to ask that would be specific for your current position.
Fixed VS variable – sit down with your Mortgage Adviser now and source your best available options.