The instinctive response for most people when they hear rates have gone up is to switch from a variable rate to a fixed rate mortgage. That’s understandable. Unfortunately, lenders in a climate of rising rates will make you pay for that interest rate certainty. Also, you don’t have the flexibility of paying off your mortgage sooner with a fixed rate mortgage.
For all your lending needs please don’t hesitate to contact me.
Regards,
Daniel Hustwaite
0408 985 611
