Is Your Fixed Rate Home Loan Ending Soon? Here's What To Do Next. (Australia)
If you've fixed your home loan rate over the past 24 months, and that term is expiring soon, you may be wondering, what next? In today's video we're joined by Sam who will be answering all of your most frequently asked questions around fixed rate expiry.
00:00 - Intro
00:19 - What will my interest rate be after my fixed term ends?
00:25 - What is a revert rate?
00:36 - What is a Loyalty Tax?
00:44 - What will my extra monthly repayments be on a $750,000 loan, coming off a fixed rate of 2.0%?
01:20 - Why should I care about what my revert rate is?
01:30 - If my fixed term is coming to an end, when should I start exploring options?
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