Has anyone beaten the bank? I have been investing in property for some 8 years. I have fixed my rates for some properties for 5 years. I did it so, so I could sleep at night. As that is my largest expense in holding these properties, I wanted to know what the worst case scenario was.
To date, I have ALWAYS paid more than the discounted variable rate. (Variable rate less .05 discount).
Has anyone done better than the bank by fixing their rate?
I just recently re-financed to buy another property.. the initial rate was set at 6.2% however the rate rise went up before I found my property and it went up to 6.4%.. it’s fixed for 3yrs.. just for piece of mind really.
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
*WoW* Thought i was doing well with my 6.4% for 5 yrs
congratulations to those who got ‘better’ deals, have found that with more properties etc the banks are prepared to’do’a bit more for you ( discounting of things, waiving fees etc )
Better in your pocket than there’s [^]
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REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
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