Most lenders will offer the ability to have both fixed and variable rates through a ‘split’ loan option. With a split rate home loan, you essentially split your home loan balance into two different accounts, at different portions – one being charged a fixed interest rate and one charged a variable rate. In a low interest rate environment, having more of your loan as a variable-rate means you could potentially reap the rewards of falling interest rates and repayment flexibility, while fixing a greater portion of the loan could be more beneficial if interest rates were to rise.