If I Were A Borrower What Would I Do? (Tony Alexander)
Posted on August 15, 2014 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Wholesale interest rates have not changed much in the past week but competition between banks for home lending appears to have strengthened.
By all means take into account the cash bonuses which lenders may offer if you sign up. But stay focused mainly on the interest rates being offered.
I personally would remain willing to hop out of a floating rate and move most of my debt to a three year term. Maybe I would also fix some for two years given the strong competition currently in that term.
Filed under: REAL ESTATE