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Fixed vs Variable rates

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Sanjoi Mazumder
Fixed vs Variable rates

Fixed vs Variable rates - What is the best? || Personal experiences with property and finance Firstly, I should say this isn't financial advice and the points I bring up are from my personal experiences with property and finance

If you have or are considering getting a home loan you are probably weighting up the pros vs cons of fixing your home loan or keeping it on the variable rate. Every person is different and unfortunately, this isn't a 1 size fits all approach however, If you ask yourself the following questions you may be able to help give yourself the guidance needed to make your own decisions.

1. What is the differences between the different rates?

2. Is there an account fee that you will need to pay?

3. Do you currently have debts?

4. Do you have the ability to make extra repayments each week/fortnight/month?

5. Are you planning on selling your home in the next couple of years?

6. Why are you making the decision, either way?

Watch this video for know more.

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Sanjoi Mazumder
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