When it comes to making that first purchase on a home, it’s always best to talk to a professional and gather as much free information on a fixed rate as you can get.  Obtaining a fixed low interest rate versus a variable low interest rate is without a doubt the best way to go on your first purchase.  Security of knowing that your mortgage payment is going to be locked in a the same monthly or fortnightly payment for a period of 2 years or more is like money in the bank.  You won’t have sleepless nights once the rates start climbing and you’ll be able to plan for a better future whilst you’re establishing your mortgage history.