Latest / Aus Property Mastery with PK
Fixed vs Variable Interest Loan?
Should you go with a fixed interest rate? Or a variable interest rate? Which one is better? If you've ever taken out a loan of any kind, you may have been presented with these options. In this episode, I tell you about how both of them work, and which I recommend choosing based on your unique situation. Discussion Points: 00:00: Introduction 01:09: Locked in with fixed: no option to refinance 04:38: Stuck on high interest rates with fixed 07:14: No option to extend interest only in fixed 10:00: Fixed interest = no offset account 11:56: The pros: fixed interest cheaper and more stable? 13:45…
The skinny
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