All Topics / The Treasure Chest / To fix or not to fix

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  • Profile photo of Lawry73Lawry73
    Member
    @lawry73
    Join Date: 2003
    Post Count: 123
    August 18, 2003 - 4:44 am

    Hey guys,

    What’s the sentiment?
    To fix or not to fix home loan rates on IP?

    Profile photo of SuperTedSuperTed
    Member
    @superted
    Join Date: 2003
    Post Count: 205
    August 18, 2003 - 4:57 am

    Depends on the interest rate and how “fixed” the deal is. No point being locked into unsatifactory terms and conditions.

    I personnaly would never go fixed as I have never seen a happy camper on a fixed rate yet.

    Profile photo of aussierogueaussierogue
    Participant
    @aussierogue
    Join Date: 2003
    Post Count: 983
    August 18, 2003 - 5:14 am

    i personally prefer the flexibility of variable almost all the time.

    depends on yr specific circumstances however.

    cheers

    Profile photo of CaptainCaptain
    Participant
    @captain
    Join Date: 2003
    Post Count: 22
    August 18, 2003 - 7:12 am

    I have fixed 2/3 at the moment and keep the rest on discount variable for the offset. Both IO. I think it’s an under rated method of risk reduction and locking in the greatest expense related to the properties allows me to be a little more aggressive in other areas. Beware the time that passes between signing up fixed and settling though as they sometimes adopt the settlement rate which may have risen.

    Profile photo of EskapeEskape
    Member
    @eskape
    Join Date: 2003
    Post Count: 17
    August 18, 2003 - 11:22 am

    The lender’s break costs could have a bearing on your decision also. Not too many lenders around with zero BC’s on fixed interest.

    Veni, Vidi, Vici

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