When it comes to evaluating if a split home loan is best for you, it all comes down to the numbers. In an ideal world, you'd know how much money you'll save in interest if you split it and whether a fixed or variable interest rate is better.
The calculator is a good place to start, but borrowers should consult a trained and professional mortgage broker or financial consultant for expert guidance on which choice is best for them.
If you decide to split your mortgage, a specialist can help you decide which amount should be fixed rate and which should be variable rate. It's critical to comprehend the advantages as well as the drawbacks of each loan sorts.