Fixed vs Floating Interest Rate – What are the differences?
In this article, we will be diving deep into the different types of interest rates that you should be looking out for when receiving a mortgage loan letter of offer. We have realised that home buyers are usually confused between a fixed interest rate package and a floating interest rate package. We will outline the main differences between a fixed and floating interest rate, their respective advantages and disadvantages, and which packages will be more suitable for you in different circumstances.
