How can I take advantage of interest rates when they are low?


When interest rates are low it could be the ideal time to get ahead with your mortgage. Consider options such as:

  • paying more than the minimum loan repayments
  • fixing part of your loan at the lower interest rate so it’s not affected by rate rises—but remember you won’t get the benefit of any rate falls
  • putting some savings aside in assets you can easily access if times get harder.

And even if interest rates fall further, it could be worth maintaining your current level of repayments. With a lower interest rate, you’ll be paying your home loan off quicker.

It’s hard to predict how interest rates will fluctuate over the lifetime of your loan. But you can get ahead by taking advantage of any rate falls and reducing the impact of any increases.


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Important information

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It’s important to consider your particular circumstances and read the relevant Product Disclosure Statement or Terms and Conditions before deciding what’s right for you. This information hasn’t taken your circumstances into account.

This information is provided by AMP Life Limited. Read our Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you. All information on this website is subject to change without notice.