Yes.
Most lenders will allow you to have a combination. Both portions will have separate account numbers so they can operate independently on different interest rates. The variable rate portion can usually be paid off rapidly with no restrictions, while the fixed rate portion protects you against possible future rate rises. Additional payments can usually be made on the fixed rate portion as well, but lenders generally place restrictions on the amount of additional repayments allowed each year.
Jan Vincent
Montrose, VICTORIA
Shannon Oatley
Director & Licensed Conveyancer
Property Conveyancing Group, VICTORIA
Don & Christine Perrett
Leongatha, VICTORIA
Paul & Barb Spark
Somerville VICTORIA