Tips for beating home loan interest rate increases

• Budget for repayments at least two percent higher than you are actually paying.
  
• Opt for a basic loan with fewer features but a lower rate.
  
• Pay extra on your variable loan from the start.
  
• If your budget won't cope with many rate rises, now might be a good time to consider a capped rate home loan. If you can't choose between a fixed and a variable rate mortgage, consider splitting your loan with half at the variable rate and half at a fixed rate.

Home Loan Information Index

• Fixed Rate or Variable Rate Home Loans - Your Choices
• Why variable rates vary: click here

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