Have three loans coming up out of a fixed rate (6.19%).
CBA: 300K
Rams: 196K
Rams: 196K
Rams loans will be variable rate of 5.1%
CBA loan will be 5.2%
Good savings on the change to variable rate, but are thinking of 3yr fixed rates. Staying with the same lenders as LMI will kill any savings to change loans at this stage.
Rams 3yr fix: 4.99%
CBA 3yr fix: 5.09% (CBA has told be to come in with a offer of a better rate and they will looking into matching Rams)
Before I lock in any rates, willing to listen to other opinions about if rates are still dropping, staying steady or on the way up.
Reason for fixing is to have consistence monthly repayments, plus I think the rates are pretty fair atm, just don't want to cut my self short, fixing last time cost me a few pennies.
Cheers,
CBA: 300K
Rams: 196K
Rams: 196K
Rams loans will be variable rate of 5.1%
CBA loan will be 5.2%
Good savings on the change to variable rate, but are thinking of 3yr fixed rates. Staying with the same lenders as LMI will kill any savings to change loans at this stage.
Rams 3yr fix: 4.99%
CBA 3yr fix: 5.09% (CBA has told be to come in with a offer of a better rate and they will looking into matching Rams)
Before I lock in any rates, willing to listen to other opinions about if rates are still dropping, staying steady or on the way up.
Reason for fixing is to have consistence monthly repayments, plus I think the rates are pretty fair atm, just don't want to cut my self short, fixing last time cost me a few pennies.
Cheers,