The latest episode of “Should I Fix?” is out! Click here to watch.
We’re talking about recent rate changes and what that means for our home loan strategies.
Here’s the scoop:
- Recent rate rise: No surprise, it’s pinching pockets. But let’s hang tight; this might just be a temporary shift for the greater good. It’s time to cut back and ride out this phase.
- Fixed vs. Variable rates: Forecasts suggest fixed rates might not be the top pick compared to variable rates. Remember, forecasts aren’t crystal balls. Consider your unique circumstances, especially if big life changes are on your horizon.
- Crunching the numbers: We’ve simplified it for a $500,000 loan, comparing different rates’ impacts.
- Economic forecasts and plans: Forecasts are useful but unpredictable. Consider your own situation amidst the unpredictable future.
Got questions or need a personalized game plan? Let’s chat.
Limited extras and break costs with fixed rates still matter. Shoot over your queries.
Hope this episode brings clarity your way. Catch you next time!