Fixed vs Variable Interest Loan?

Should you go with a fixed interest rate? Or a variable interest rate? Which one is better? 

 

If you've ever taken out a loan of any kind, you may have been presented with these options. 

 

In this episode, I tell you about how both of them work, and which I recommend choosing based on your unique situation.

 

 

 

 

 

 

 

 

 

 

Discussion Points:

00:00: Introduction

01:09: Locked in with fixed: no option to refinance  

04:38: Stuck on high interest rates with fixed

07:14: No option to extend interest only in fixed

10:00: Fixed interest = no offset account

11:56: The pros: fixed interest cheaper and more stable?

13:45: Which option makes the most sense?

14:43: Conclusion 

 

 

  

About The Host:

 

Subscribe to Aus Property Mastery with PK for no BS, “straight to the point” property investing strategies and data-driven insights about the Australian housing market - the only property podcast not biased by a “Buyers Agent”. You can listen to Aus Property Mastery on Apple Podcasts, Spotify & YouTube Music. 

 

PK Gupta is the founder of the Property Investment Accelerator — Australia's #1 Rated And ONLY 100% Independent Real Estate Course & Mentorship Program that helps people achieve passive income through property investing using DATA, WITHOUT wasting months doing "research", spending weekends at inspections OR dropping $10-20k on Buyers Agents each time. 

Resources:

• Watch FREE Trainings On Our Website 👉 https://consultingbypk.com.au/
• Get Suburb Tips & FREE STRATEGIES In Our Private Facebook Community With Over 50,000 Clients & Investors 👉 https://www.facebook.com/groups/passiveincomethroughproperty
• Watch No Nonsense Property Market Insights On Our YouTube Channel 👉 https://www.youtube.com/c/AustralianPropertyMasterywithPKGupta

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