Existing fixed rate loans..

Discussion in 'Loans & Mortgage Brokers' started by Clive Palmer's Yacht, 21st Mar, 2020.

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  1. Clive Palmer's Yacht

    Clive Palmer's Yacht Well-Known Member

    Joined:
    23rd Apr, 2019
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    Location:
    Sydney
    One for the brokers - think I probably know the answer already, but presume when the banks came out with their cuts to fixed rates yesterday that’s only for new loans/refi? Ie existing fixed rate loan holders will need to suck it up or pay large break costs.
     
  2. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member

    Joined:
    15th Aug, 2005
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    Location:
    Gold Coast
    yup

    the longer its left............. for the short to middle term., the larger they will likely be

    ta
    rolf