With world economies these days in seemingly constant crisis, a lot of people are taking their money out of the stock market and investing in their home and property instead. This can be a great way to save money for your kids’ future as property values are way more stable than stocks which tend to fluctuate. Investing in your home can often mean that you will need to take out a mortgage and with your mortgage comes the impact of interest rates. Whether you are looking at buying real estate on the Sunshine Coast or a home in the suburbs of Sydney, you will need to know how interest rates work. The following shows how interest rates can and will affect your mortgage; and are therefore important things to think about before signing off on anything at the bank.

Fixed or Set

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