Fixed or Variable? Weighing Mortgage Options
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The Reserve Bank of Australias cash rate hike sparks debate on mortgage fixing. Fixed rates offer repayment certainty and potential savings, while variable rates provide flexibility. Experts advise considering individual financial situations and seeking professional advice. New customers may secure better deals, and fixing can serve as a hedge against inflation risks. However, not everyone qualifies for refinancing, and hardship programs are available from lenders. Staying proactive and seeking help early is crucial amid rising mortgage pressures.
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