As we recently posted on our socials, the Australian Financial Review recently reported that the gap between variable and fixed interest rates has narrowed.
This, along with recent interest rate rising and forecasts of possibly another, we suggest you think more about whether to have a variable rate or a fixed rate.
There are pros and cons for each, and some lenders also offer split loans meaning that you can have part of the loan on variable and part of the loan on fixed.
Please email at enquiries@buildprotectfs.com.au us for a FREE Fixed vs Variable Guide for more information.
Keep in mind that interest rates, whilst important, aren’t everything.
We encourage you to think about your short and longer-term goals and your plan to achieve them.
If you would like to discuss any of the above, feel free to book in an obligation free appointment.
Have a great week!
The team at Build & Protect Financial Services