Have you ever been in this situation? Your Home loans are coming off fixed term and need refix, but you are not sure how to make a confident decision? Do I choose the lowest rate? What if rates are going up during the next fixed period and I miss the boat? Also, some of my friends picked a three-year fixed term, and I was wondering why they did that. Do I choose a longer period? Well, why would I pay more on interest cost? What if I want to sell the property? How does it affect the loan on a fixed term? Do I have to pay break costs? I’m so confused…. Don’t worry, every month Connie from Prosperity Finance provides you with the latest interest rate update and in-depth analysis on how the rates are going to go, couple with best strategies on refix so that you can make an informed decision with ease and confidence.

Interest rate update and refix strategy (Updated on October 2018)

Disclaimer: The content in this article are provided for general situation purpose only. To the extent that any such information, opinions, views and recommendations constitute advice, they do not take into account any person’s particular financial situation or goals and, accordingly, do not constitute personalised financial advice. We therefore recommend that you seek advice from your adviser before taking any action. If you have any questions after watch the video, please feel free to contact us. Thanks for your support. Prosperity Finance Team