Fixed Loan News
Watch The Break Costs On Fixed-rate Mortgages
13 December 2008
MORE THAN 43,000 people took out fixed-rate mortgages when fixed rates were at their highest between March and September. Since then the cash rate has fallen 3 percentage points. Fees charged to break a fixed rate mortgage vary from lender to lender but in general a borrower has to compensate the lender for the economic cost of breaking the contract. Kristy Sheppard of Mortgage Choice says the break costs can range from a few hundred to tens of thousands of dollars. She says the amount will ..... read full story
Stay Calm So You Don't Get In A Fix
4 December 2008
In times of tumbling interest, the last thing you want is a fixed rate... read full story
