All Topics / Help Needed! / Fixed interest rate for IP and Owner Occupier ?

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  • Profile photo of siewlinsiewlin
    Participant
    @siewlin
    Join Date: 2012
    Post Count: 19
    June 7, 2015 - 6:37 pm

    hey guys,
    interest rates is the lowest at the moment , has anyone tried to fix the interest rates for owner occupier and IP?

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post Count: 1,010
    June 8, 2015 - 7:30 pm

    A lot of clients are riding the rates down at the moment, not all that long ago people were clambering for 5% five year fixes – which are not 0.5% cheaper again.

    Fixing should be used as a risk mitigation in having consistant repayment figures – anything else is a gamble.

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Investment Focused Finance Strategist - servicing Australia-wide

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    June 8, 2015 - 8:20 pm

    If you’re keen on fixing – consider leaving a portion of your PPOR loan variable so you can still access flexible features such as an offset, etc.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

Viewing 3 posts - 1 through 3 (of 3 total)

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