Kyra Tsitsinaris and Daniel Charalambous would jump at the chance to lock in their home loan interest rate for 30 years – as long as they save money in the end.
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For new homeowners Kyra Tsitsinaris and Daniel Charalambous, the vagaries of the up-and-down interest rate cycle mean uncertainty about what they can spend on other parts of their lives.
So the idea of a fixed interest rate for the life of the loan over their Melbourne home has appeal – as long as they end up saving money.
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Original URL: https://www.afr.com/property/residential/the-pros-and-cons-of-a-30-year-fixed-mortgage-20250220-p5ldup