Looks like some of us will have a little more skin showing now that the economic covers are being pulled back and revealing the true state of our portfolios.
are there people out there still using variable rates for there ip’s that they plan to hold – if so is it because some say we are close to the top of the rates cycle or
is there still time to fix or is it too late
Does the variable rate affect the purchasing decisions of those on the forum with say 2 properties – if so how
Does the variable rate affect the purchasing decisions of those on the forum with say 10 to 20 properties – if so how
What are the people with 20+ properties doing at the mo
cheers
I have all my loans as variable – except one which I did 4 years ago. With fixed rates, you lose flexibility. Exit fees can be high, making it harder to increase loans or move banks. Also the rates are slightly higher than what you would be paying under variable.
Terryw
Discover Home Loans
Parramatta
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Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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