Hi, I have an owner occupier loan of $1,000,000 with a 2nd-tier lender. Currently rate is 3.38% variable P+I. After 2 rate cuts in 2020, I approached my lender for rate reduction. They are reluctant to move from 3.38% variable P+I but they offered me 2.44% fixed with option of 1 year, 2 years or 3 years. I am thinking of getting the 3 years fixed option. What do you guys think? * I am aware of that there are other lenders offer comparable variable rates but refinancing 1,000,000 could be an issue with them. Thanks in advance.