When taking out a new home loan or refinancing one, you are asked to choose between a fixed-term and a variable rate loan. Both have their own unique benefits and challenges depending on your financial circumstances and personal preferences.
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Fixed or variable: Choosing the right home loan
When taking out a new home loan or refinancing one, you are asked to choose between a fixed-term and a variable rate loan. Both have their own unique benefits and challenges depending on your financial circumstances and personal preferences.
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By Sneha Krishnan
Presented by Henrieta Bendo
Source: SBS
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