RayEthell replied to the topic redraw v/s split loan in the forum General Property 12 years, 6 months ago
A Split Loan simply is cutting your loan into portions. If the rates go up there may be a benefit to you however if the rates drop than you may be caught paying too much. It is for that reason some people like to hedge their bet. Others prefer the security of a Fixed Loan ensuring a non-fluctuating rate of payment and allowing for better…[Read more]