what would you do if you fixed 12 months ago, page-5

  1. 908 Posts.
    lightbulb Created with Sketch. 85
    Thanks for your replies, yes it is a large loan over 5 properties, totaling 1.4 mil.

    The $98k is the exit fee and yes i have equity in the properties, but that means refinancing and increasing the loan just to pay the brake cost. And there is no guarantee that the rates will drop as much as they are being predicted.
    Just as they where indicating that the RBA might not be so willing as last time when they cut the rates by 1%, this change of direction was due to the one day increase in US market.
    So you see one day they say it will drop next they say it will not drop as much or any, and now its pointing lower.

    This is the problem that got me into this mess in the first place.
 
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