Skip to content

Is a fixed or variable home loan better?

You have two choices when it comes to home loan interest rates:

  • Fixed rates, meaning the rates are fixed at a certain amount and won’t change regardless of market forces.
  • Variable rates, the rates change in response to market forces.

Which is better? Well, it depends on your requirements.

Fixed rates allow you to budget with more accuracy, knowing that the rates on your home loan won’t change.

Variable rates will benefit you if the market interest rate goes down.

Note that the bank may charge higher interest rates if you want a fixed rate, because it’s more of a risk for them.

Whether variable or fixed rates, you can secure the best deal by applying for a home loan with ooba Home Loans. We  submit your application to multiple banks, some of which may offer better deals than others.

Ranked #1 in Banking on Hellopeter

hello-peter
Star Rating

Average rating of 4.86 from over 4 550 reviews

Simply The Best

Ooba home loans services are simply the best. My Consultant Bianca Dancer was so hands on and helpful from the get go. She guided me through the entire process and put me at ease being a first time buyer. I highly recommend their services.

Tia J

Star Ratings

Excellent Service

Jay Govender and Maleshini Reddy from OOBA provided outstanding assistance and guidance in securing our home loan. Response times were excellent and they were professional and friendly.

Brice G

Star Ratings

Bond Application

Estelle Vorster was really helpful in securing the best deal for my home loan, she not only negotiated a lower interest rate she went as far as securing 50% discount on the transfer costs.

Butana M

Star Ratings