Fixed-rate home loans offer peace of mind and budget stability, but they come with trade-offs in flexibility and potential cost savings.

Ban on exit fees makes it easier for Australian homeowners to switch home loans and find better deals Australian homeowners scored a major victory on 1 July 2011, when lenders were banned from charging exit fees on variable-rate home loans. This change made it easier and more attractive for borrowers to shop around and refinance for a better deal. Previously, exit fees were typically charged during the first four to five years of a mortgage. Their purpose was simple: discoura