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Just curious as to why some brokers reccommend an equity release to a new loan and others reccommend a LOC? What are the key differences between doing these two for this purpose?

Thanks Terry and I do appreciate the security with fixed which is why you would do it. I still think those same people who fixed to sleep at night because the thought of an extra $50 a week with a rate increase have had a lot more sleepless nights watching rate drops. Yes people can argue that...

sorry all my comments were not an argument, it is purely my observation. And yes I totally understand the security behind fixing loans but I still reckon 90% of people who lock in for security and watch another rate drop, kick themselves. I am genuinely curious though from broker experience...

In all my experience discussing friend and family mortgages I am yet to see a single person who has come out in front with fixing a loan. Not one single time has someone said to me they have benefited from fixing the loan. Maybe they can try and argue they slept a little easier but even then I...