August 14, 2022

Loans

Its All About The Money

Should I fix or stay variable? Well, it depends. 😮

15 min read

Should I fix or stay variable? Well, it depends. 😮

👉 Book a call with a UNO broker today Book a call today https://buff.ly/3uHVmN9

We’re in a really unusual situation at the moment where we’re starting to see fixed rates go back up again. Variable rates are still low at the moment, but they’re likely to head back up if anyone you listen to on the street is correct, which is pretty much everyone at the moment. And so you just need to be thinking at the moment, what’s the right thing? If you’re going to fix your interest rates but pay a much higher rate in the short term to do that, you have to think, well how much further the variable rates have to go up before it would have made more sense to fix instead of variable. To be honest, it’s really hard to gain the system. It’s really hard to try to predict better than the banks and better than the economists what the RBA might do and in fact, what foreign funding markets might look like a few years from now. But importantly, don’t default to the decision. You have to factor in the consistency of what you’re trying to pay each month and the likelihood that rates are going to go up or not, and also the time frame over which you’re considering these things. Importantly, what we always say here at UNO is to run the numbers, talk to a UNO broker today, and they can help step through that with you.

👉 Check out house prices https://houseprices.unohomeloans.com.au/

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UNO Home Loans is Australia’s #1 Online Mortgage Broker. We have brokers all across Australia who are able to help Australians buy their first home, buy their next home, buy an investment property, or refinance their home loan. Our online mortgage brokers are supported by our customer care team who make the home loan application process fast and easier. Our online mortgage broker technology has won design awards and helps Australians who want home loan advice and expertise to get the best deal for their circumstances. UNO provides online tools, calculators, and articles that help Australians understand their borrowing power, calculate their stamp duty and understand the process of buying their first home, buying their next home, or refinancing a home loan. For Australians who want to research property values as part of their first property purchase or next property purchase, we provide a free online property research tool that lets you look at how property prices, house prices, and unit prices have changed over the last 12 months by state, suburb or postcode.

UNO provides home loans from over 20 lenders including Commonwealth Bank, Westpac, ANZ, National Australia Bank, Adelaide Bank, ING Bank, Suncorp, Bankwest, Resimac, Bluestone, Macquarie Bank, La Trobe, Pepper Money and ubank

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