Can I split my home loan between different loan accounts?
Some lenders will allow you to split the loan into two separate fixed and variable portions. If you're current loan is fixed, you would need to break out of this loan in order to split it. This would usually incur a fee.
However, a split loan gives you the flexibility of a variable rate and the stability of a fixed rate. The flexibility of the variable portion can help you pay off that part faster, especially if interest rates decrease.
If you're interested in splitting your loans, speak to a Lendi Home Loan Specialist about your options.