Fixed vs Variable Home Loans In A Rates Rising Market | Lendi Q&A
In a market where interest rates are constantly shifting, how do you choose between a fixed, variable or split rate home loan? Trying to put your best financial foot forward when there are so many options out there can feel overwhelming! Today, we'll be discussing fixed and variable rate options so you can make a more informed decision in a rate rising market.
0:00 - Intro
0:23 - Is it best to choose a fixed rate if interest rates are rising?
0:42 - Is switching from a fixed to variable rate always a bad idea?
1:04 - Will you pay more fees on a fixed rate loan than a variable rate loan?
1:24 - Are fixed rate loans always better for first-time home buyers?
1:45 - Can you only choose between a fixed or variable rate home loan?
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