Hi, this might be a re-occuring question but I will ask it anyway since I am at this cross-road at the moment.
I have home loan 500k + and investment loan 300K+ both are on floating at the moment. Question is how long should I fix both of them for considering short and long term interest rates are very low.
I can get:
Term: 6 months | Rate Offered: 4.80%
Term: 12 months | Rate Offered: 4.35%
Term: 18 months | Rate Offered: 4.45%
Term: 24 months | Rate Offered: 4.45%
Term: 36 months | Rate Offered: 4.75%
Term: 48 months | Rate Offered: 4.99%
Term: 60 months | Rate Offered: 5.09%
From the experienced people in this forum what should be the best strategy for both loan.
Thanks in advance for your answeres.
I have home loan 500k + and investment loan 300K+ both are on floating at the moment. Question is how long should I fix both of them for considering short and long term interest rates are very low.
I can get:
Term: 6 months | Rate Offered: 4.80%
Term: 12 months | Rate Offered: 4.35%
Term: 18 months | Rate Offered: 4.45%
Term: 24 months | Rate Offered: 4.45%
Term: 36 months | Rate Offered: 4.75%
Term: 48 months | Rate Offered: 4.99%
Term: 60 months | Rate Offered: 5.09%
From the experienced people in this forum what should be the best strategy for both loan.
Thanks in advance for your answeres.
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