xr6turbo2005 Donating Members 47 Member For: 20y 12d Gender: Male Location: Brisbane - Sthside Posted 03/02/09 10:39 AM Share Posted 03/02/09 10:39 AM Maybe time to get out of my fixed term early if so??Thanks dont forget u'll most like ly have some sort of early termination cost to get out of a fixed rate loan . Link to comment https://www.fordxr6turbo.com/forum/topic/54187-variable-interest-rate/page/2/#findComment-816236 Share on other sites More sharing options...
Under-Pants Member 2,103 Member For: 17y 9d Gender: Not Telling Posted 03/02/09 11:00 AM Share Posted 03/02/09 11:00 AM Give Bodey a ring moit she should be able to fill you in. With the rate drops though I'd imagine it would be better to be out of the fixed rate & into a variable @ said new rates. The trick is then to try and find a bank that will let you fix it as low as possible for as long as possible. That's what I wanna do anyway.& Also go variable straight up, then aim to fix it later on, the rates will most likely go down again as they have already shat and we are not even technically in negative growth (recession ) yet... Link to comment https://www.fordxr6turbo.com/forum/topic/54187-variable-interest-rate/page/2/#findComment-816259 Share on other sites More sharing options...
Mark S Member 15 Member For: 16y 6m 17d Gender: Male Location: North Western Sydney Posted 03/02/09 11:11 AM Share Posted 03/02/09 11:11 AM (edited) Our loan is with the Macquarie Bank and it was 6.44 prior to today’s interest rate cut. 5.44% if we get the full 1%. That means we will be paying an extra $500 a month of our mortage. I wonder if the housing bubble has really burst. The experts think that house prices will still drop even more. The wife and I have been talking and we are thinking it might be a damn good time to look at investment properties, and fix it for as long as we can. Edited 03/02/09 11:14 AM by Mark S Link to comment https://www.fordxr6turbo.com/forum/topic/54187-variable-interest-rate/page/2/#findComment-816272 Share on other sites More sharing options...
fordfreak XRT07 Member 378 Member For: 16y 11m 28d Gender: Male Location: glenwood Posted 03/02/09 11:12 AM Share Posted 03/02/09 11:12 AM hooray for having a variable mortgage rate!.. Link to comment https://www.fordxr6turbo.com/forum/topic/54187-variable-interest-rate/page/2/#findComment-816274 Share on other sites More sharing options...
Mark S Member 15 Member For: 16y 6m 17d Gender: Male Location: North Western Sydney Posted 03/02/09 11:18 AM Share Posted 03/02/09 11:18 AM Damn right about that. We had a few people laugh at us, when we did not fix 2 years ago. We rode the wave and now a it's now paying off. I wonder if those same people who laughed at us are still cheering. I wonder what the fees are like to get out of the fixed rate and back onto variable. Link to comment https://www.fordxr6turbo.com/forum/topic/54187-variable-interest-rate/page/2/#findComment-816284 Share on other sites More sharing options...
Guest RAMJET Guests Posted 03/02/09 11:41 AM Share Posted 03/02/09 11:41 AM the main reason I chose not to fix my loans is because most banks wont let you pay off extra. intrest rates dont make much difference when you plan to pay off your house in 5 years Link to comment https://www.fordxr6turbo.com/forum/topic/54187-variable-interest-rate/page/2/#findComment-816316 Share on other sites More sharing options...
Dirty32 Legendary member!! Donating Members 1,739 Member For: 18y 5m 15d Gender: Male Location: Dianella, West Oz Posted 03/02/09 02:00 PM Share Posted 03/02/09 02:00 PM Good and valid point there Dicko! Link to comment https://www.fordxr6turbo.com/forum/topic/54187-variable-interest-rate/page/2/#findComment-816429 Share on other sites More sharing options...
Superdan Well-Hard Bangin' Member Member 3,422 Member For: 17y 10m 17d Gender: Male Location: Perff, WA Posted 03/02/09 03:31 PM Share Posted 03/02/09 03:31 PM Bought my place three years ago to the month, fixed for three years @ around 6.4%, now dropping down to rates as low as it was in the sixties!!!I love my finance manager! Link to comment https://www.fordxr6turbo.com/forum/topic/54187-variable-interest-rate/page/2/#findComment-816469 Share on other sites More sharing options...
Dirty32 Legendary member!! Donating Members 1,739 Member For: 18y 5m 15d Gender: Male Location: Dianella, West Oz Posted 03/02/09 03:58 PM Share Posted 03/02/09 03:58 PM Man that's a score... Gotta be chuffed with that!its certainly worked out well for ya anyways... Link to comment https://www.fordxr6turbo.com/forum/topic/54187-variable-interest-rate/page/2/#findComment-816478 Share on other sites More sharing options...
Superdan Well-Hard Bangin' Member Member 3,422 Member For: 17y 10m 17d Gender: Male Location: Perff, WA Posted 03/02/09 04:27 PM Share Posted 03/02/09 04:27 PM Yup, we were all ready to lock it in again (and very happy to!) for another 3yrs given the rates then, but he said hold out until tuesday, as there'll be at least a 1% drop by then... :banghead2: brilliant!!! Link to comment https://www.fordxr6turbo.com/forum/topic/54187-variable-interest-rate/page/2/#findComment-816485 Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now