Hi
Wasn't sure where to ask this.
There's been alot of talk in the news recently about how some people fixed their mortgages when they were high, and now it's gonna cost them alot to re-fix at a lower interest rate, been hearing amounts like $30k.
I have a quick question about this, why don't they refinance at a lower rate?
Or isn't it as simple as that! When we sold our rental property last year, we were on fixed and we paid something like $250 extra when house settled because it was on fixed.
Am I missing something here and having a blond moment!
Cheers
QueenBee
Wasn't sure where to ask this.
There's been alot of talk in the news recently about how some people fixed their mortgages when they were high, and now it's gonna cost them alot to re-fix at a lower interest rate, been hearing amounts like $30k.
I have a quick question about this, why don't they refinance at a lower rate?
Or isn't it as simple as that! When we sold our rental property last year, we were on fixed and we paid something like $250 extra when house settled because it was on fixed.
Am I missing something here and having a blond moment!
Cheers
QueenBee