To Fix or Not to Fix?

Discussion in 'Loans & Mortgage Brokers' started by Longrass, 19th Jan, 2020.

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  1. Luthor Australia

    Luthor Australia Well-Known Member

    Joined:
    27th Nov, 2018
    Posts:
    46
    Location:
    Victoria
    For me fixed rates are a piece of mind, I have multiple loans fixed at mid 3s and one at high 3s (3.99%). Also two variable rate loans for some balance and For the opportunity to potentially divest in the near term.

    Yes rates are lower now but I am ok with others paying less than me, it doesn’t really affect me.

    If rates are lower when my fixed loan periods expire then I will fix again. Will also fix again if rates move higher, as most people will.

    You may say it’s a gamble but so is going full variable. Having clarity on expenses over a handful of years at a time is worth the fix I reckon. Especially for multi property portfolios
     
    Luthor Australia, 23rd Feb, 2020
    #21
    Navjit and Terry_w like this.
  2. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    10,629
    Location:
    Gold Coast (Australia Wide)
    Whatever works for each persons/family risk profile is what is right

    ta

    rolf
     
    Rolf Latham, 24th Feb, 2020
    #22
    Terry_w likes this.
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