--- title: "Fixed Mortgage Rates: The Advantages for Homeowners" description: Homeowners have several options when it comes to mortgages, but most end up choosing fixed mortgage rates. And for good reason. Straightforward terms and predictable payments. image: https://www.altusfinancial.com.au/hubfs/Fixed-Mortgage-Rates--The-Advantages-for-Homeowners.jpg --- [![Logo](https://www.altusfinancial.com.au/hubfs/Logo.svg "Logo")](https://www.altusfinancial.com.au/) - [![](https://www.altusfinancial.com.au/hubfs/1.%202017%20Assets/Dark_Phone.svg)](tel:+61289083444) [![Talk with us](https://no-cache.hubspot.com/cta/default/512115/6a87cb2e-17ae-43a1-93c7-da9582e08c36.png)](https://cta-redirect.hubspot.com/cta/redirect/512115/6a87cb2e-17ae-43a1-93c7-da9582e08c36) ##### Accounting & Business Services ##### Wealth Services ##### Lending Sources ##### [Need Real-life Advice?](https://www.altusfinancial.com.au/request-a-consultation) [![Talk with us](https://no-cache.hubspot.com/cta/default/512115/6a87cb2e-17ae-43a1-93c7-da9582e08c36.png)](https://cta-redirect.hubspot.com/cta/redirect/512115/6a87cb2e-17ae-43a1-93c7-da9582e08c36) [![page-1 (5)](https://www.altusfinancial.com.au/hubfs/page-1%20(5).svg "page-1 (5)")](https://www.altusfinancial.com.au) - ![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/group-14%20(1).svg)![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/group-17%20(1).svg) - ##### MENU - [![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/phone-call%20(6).svg)![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/phone-call-2.svg)](tel:1300832962) - ##### MENU [![Talk With Us](https://no-cache.hubspot.com/cta/default/512115/11099956-4246-4311-83f2-64fc6560f370.png)](https://cta-redirect.hubspot.com/cta/redirect/512115/11099956-4246-4311-83f2-64fc6560f370) - [![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/phone-call-2%20(1).svg)](tel:+61%202%208908%203444) - ![](https://www.altusfinancial.com.au/hubfs/close.svg) CLOSE - [Instagram](https://www.instagram.com/altus_financial/) - [LinkedIn](https://www.linkedin.com/company/2339369/admin/) - [Facebook](https://www.facebook.com/AltusFinancial/) - [Business (242)](https://www.altusfinancial.com.au/blog/topic/business) - [Strategy (150)](https://www.altusfinancial.com.au/blog/topic/strategy) - [Wealth (142)](https://www.altusfinancial.com.au/blog/topic/wealth) - [Super (56)](https://www.altusfinancial.com.au/blog/topic/super) - [CFO (48)](https://www.altusfinancial.com.au/blog/topic/cfo) - [Growth (38)](https://www.altusfinancial.com.au/blog/topic/growth) - [Business Succession (25)](https://www.altusfinancial.com.au/blog/topic/business-succession) [![Helpful Resources](https://no-cache.hubspot.com/cta/default/512115/11b7293b-309b-4f1b-af85-27ec1dd19a35.png)](https://cta-redirect.hubspot.com/cta/redirect/512115/11b7293b-309b-4f1b-af85-27ec1dd19a35) Request a Consultation - Close![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/close%20(3).svg) ## Request a Consultation - [Wealth](https://www.altusfinancial.com.au/blog/topic/wealth) - [Super](https://www.altusfinancial.com.au/blog/topic/super) - [Tax](https://www.altusfinancial.com.au/blog/topic/tax) # [Division 296 tax: what high-balance super members need to do now](https://www.altusfinancial.com.au/blog/division-296-tax-what-high-balance-super-members-need-to-do-now) From 1 July 2026, Division 296 will introduce additional tax on superannuation balances above $3 million. 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For high-balance super members, it’s something more significant — a shift that could reshape how sup..... ###### Altus Team #### Latest Posts [Wealth](https://www.altusfinancial.com.au/blog/topic/wealth), [Super](https://www.altusfinancial.com.au/blog/topic/super), [Tax](https://www.altusfinancial.com.au/blog/topic/tax) ##### [Division 296 tax: what high-balance super members need to do now](https://www.altusfinancial.com.au/blog/division-296-tax-what-high-balance-super-members-need-to-do-now) [Business](https://www.altusfinancial.com.au/blog/topic/business), [FBT](https://www.altusfinancial.com.au/blog/topic/fbt), [Accounting](https://www.altusfinancial.com.au/blog/topic/accounting) ##### [Common FBT Questions and Answers](https://www.altusfinancial.com.au/blog/common-fbt-questions-and-answers) [Super](https://www.altusfinancial.com.au/blog/topic/super), [Business](https://www.altusfinancial.com.au/blog/topic/business) ##### [Pay Day Super Is Coming: What SMEs Should Be Doing Now](https://www.altusfinancial.com.au/blog/pay-day-super-is-coming-what-smes-should-be-doing-now) [Lending](https://www.altusfinancial.com.au/blog/topic/lending) ##### [Supporting the Next Generation into Property](https://www.altusfinancial.com.au/blog/supporting-the-next-generation-into-property) [Wealth](https://www.altusfinancial.com.au/blog/topic/wealth), [Budget](https://www.altusfinancial.com.au/blog/topic/budget), [Risk](https://www.altusfinancial.com.au/blog/topic/risk) ##### [Rising Insurance Premiums: What’s Really Going On, and What You Can Do About It](https://www.altusfinancial.com.au/blog/rising-insurance-premiums) [Lending](https://www.altusfinancial.com.au/blog/topic/lending) - 3 min read ## [Fixed Mortgage Rates: The Advantages for Homeowners](https://www.altusfinancial.com.au/blog/fixed-mortgage-rates-the-advantages-for-homeowners) ###### Julie Azzi - SHARE: - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://www.altusfinancial.com.au/blog/fixed-mortgage-rates-the-advantages-for-homeowners) - [**](https://www.twitter.com/share?url=https%3A%2F%2Fwww.altusfinancial.com.au%2Fblog%2Ffixed-mortgage-rates-the-advantages-for-homeowners) - [**](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.altusfinancial.com.au%2Fblog%2Ffixed-mortgage-rates-the-advantages-for-homeowners) Homeowners have several options when it comes to mortgages, but most end up choosing fixed mortgage rates. And for good reason. The straightforward terms and predictable payments suit most households well. In this post, we’ll look at the advantages of fixed mortgage rates for homeowners. By understanding this option, you can make an informed decision for [your next home purchase](https://www.altusfinancial.com.au/home-investment-loans). ## What is a Fixed-Rate Mortgage? Before we delve into the advantages, however, let’s define our terms. A fixed-rate mortgage is a home loan with a stable monthly payment. Your payment won’t rise and fall depending on fluctuating market conditions or interest rates. Your lender will lock in an interest rate for you, and that’s the rate you’ll stick with for the duration of the fixed term. As you shop around for mortgages, you’ll find other options as well, such as variable and adjustable-rate loans. The loan you choose should fit your lifestyle, budgetary needs and plans for the future. ## Advantages of Fixed Mortgage Rates ### Predictable Cash Flow Households must monitor their cash flow just as businesses do, managing the inflows and outflows as they meet daily, weekly and monthly needs. For many people, the home mortgage is the most considerable household expense. When your monthly mortgage payment stays consistent year in and year out, it’s much easier to manage your cash flow. Since your payments must be paid at the same time each month, it’s simple to time your inflows and outflows. Household expenses easily fall into a predictable rhythm when the highest cost never changes. ### Easy Budgeting Most successful households run on well-crafted budgets. With a budget, you know where your money goes each month, and you can plan for the future with ease. Fixed-rate mortgages assist with budgeting by giving you a straightforward payment schedule for the duration of your fixed term. Some line items on your budget will vary considerably. Transport expenses, for example, can vary quite a lot depending on car maintenance, travel, and so forth. With a fixed-rate mortgage, your housing expenses will remain constant. Regular visits with your financial adviser help you to set realistic, achievable goals. Just as important, you’ll be able to check up on your goals, reevaluate when necessary and make adjustments along the way. To set up a consultation, [reach out to us at Altus](https://www.altusfinancial.com.au/contact-us). Let’s work together to bring you home. [![New call-to-action](https://no-cache.hubspot.com/cta/default/512115/00a3fa09-46a8-4bdf-9055-ddbd603ce089.png)](https://cta-redirect.hubspot.com/cta/redirect/512115/00a3fa09-46a8-4bdf-9055-ddbd603ce089) ### **Could Your Business Benefit from an Outsourced CFO?** Set your business on the right path with this simple guide. 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