What to do if your fixed rate loan term is nearing the end

Nov 14, 2019 6:15:00 AM

If your fixed rate loan term is nearing its end, there’s never been a better time to review your mortgage. With interest rates at historic lows, you’ll need to decide whether to roll again for another fixed term or take advantage of cheaper variable rates and pay down some serious debt. Be aware though, if you do nothing, lenders may simply put you onto their most expensive variable rates, so it’s vital you take some action. Here are your options:

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Topics: Refinancing Options, Variable versus Fixed, Variable Interest Rate, Fixed Interest Rate, Financial Advice, refixing, Australia Mortgage Broker