Depending on your choice, the initial rate for your mortgage will either be variable or fixed.

If your rate is variable, it can rise or fall as determined by the Trustee based on the Trustee’s cost of funds, and there is no guarantee attaching to the Trustee’s rate. If your variable rate increases or decreases, your monthly instalments will increase or decrease. You do however, always have the ability to elect to maintain repayments at a higher level than the minium monthly instalment detailed in your loan contract.