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Fixed vs Variable rates - What is the best? || Personal experiences with property and finance.

First Home Buyer Club
1.28K subscribers
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1K views Streamed 4 years ago
Fixed vs Variable rates - What is the best? || Personal experiences with property and finance Firstly, I should say this isn't financial advice and the points I bring up are from my personal experiences with property and finance. ✅ Subscribe To my channel: 👉 https://bit.ly/2Ijis6V ✅Our Social Media and Website ✅ Have you completed our 30-second qualification quiz? if not, click here 👉Messenger : www.m.me/firsthomebuyerclub 👉Website: http://www.firsthomebuyerclub.com.au 👉Facebook:www.facebook.com/firsthomebuyerclub 👉Instagram: www.instagram.com/firsthomebuyerclub 👉Email: clayton@firsthomebuyerclub.com.au ✅Video Url:    • Fixed vs Variable rates - What is the...   If you have or are considering getting a home loan you are probably weighting up the pros vs cons of fixing your home loan or keeping it on the variable rate. Every person is different and unfortunately, this isn't a 1 size fits all approach however, If you ask yourself the  …...more
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Fixed vs Variable rates - What is the best? || Personal experiences with property and finance.
Fixed vs Variable rates - What is the best? || Personal experiences with property and finance Firstly, I should say this isn't financial advice and the points I bring up are from my personal experiences with property and finance. ✅ Subscribe To my channel: 👉 https://bit.ly/2Ijis6V ✅Our Social Media and Website ✅ Have you completed our 30-second qualification quiz? if not, click here 👉Messenger : www.m.me/firsthomebuyerclub 👉Website: http://www.firsthomebuyerclub.com.au 👉Facebook:www.facebook.com/firsthomebuyerclub 👉Instagram: www.instagram.com/firsthomebuyerclub 👉Email: clayton@firsthomebuyerclub.com.au ✅Video Url:    • Fixed vs Variable rates - What is the...   If you have or are considering getting a home loan you are probably weighting up the pros vs cons of fixing your home loan or keeping it on the variable rate. Every person is different and unfortunately, this isn't a 1 size fits all approach however, If you ask yourself the following questions you may be able to help give yourself the guidance needed to make your own decisions: 1. What is the differences between the different rates? 2. Is there an account fee that you will need to pay? 3. Do you currently have debts? 4. Do you have the ability to make extra repayments each week/fortnight/month? 5. Are you planning on selling your home in the next couple of years? 6. Why are you making the decision, either way? When people ask me which I personally chose I say variable. the reason for my choice is that I have the ability to make extra repayments and I don't see the rates going up to a point where I regret it. I do see value in fixing loans for a shorter period however, it just is for more than just the rate seems low. Do the math and see how they sit, side by side. If you have extensive debts this could be a time to fix at a low rate and use all your extra money to pay off as much debt as possible (except for your house) to free up the cash that you work so hard for. #fixed_vs_variable_rates #variable_rates #fixed_rates

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First Home Buyer Club

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