Browse Forums Home Finance Re: Refinaning a fixed term loan 4Jul 27, 2009 7:19 pm My advice would be to stick it out thats what I am doing.we have fixed rate loan 0f 9.20per cent due to finish august next year.about 1 month after we signed rates started to come down.We look at breaking it but were told in some cases people have payed as much $50,000 in fees.We figure theres only 1 year left.Theres not much that you can do so I guess you have to live with.There is one postive I feel that if rates were to back to that you know you will have no trouble making the payments as long as you have job I guess. finished building 40 square home on 5 acres with perry homes.working on the landscaping just finished pool deck with ://forum.homeone.com.au/viewtopic.php?f=31&t=2217 The biggest challenge will be if you take out a loan and then run out of money - you'll have an incomplete security and lenders do not like this so you can get stuck.… 2 19108 Thank you so much everyone. This all makes a lot of sense. I guess when you talk to a builder who butters up everything to look very polished, you get to start believing… 7 17608 So AFAIk the outcomes of the BAL ratings form part of a clause that allows them to pass these costs on to you. However the more relevant detail is how did it go from 19… 1 9164 |