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.

A couple shaking hands with a financial advisor Source: Digital Vision

Both have their own unique benefits and challenges depending on your financial circumstances and personal preferences.

This episode of Settlement Guide written by Sneha Krishnan explains how fixed-term and variable home loans work; Kulasegaram Sanchayan reports in Tamil.

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