Types of Mortgage Loan [Floating Interest Bank Rates] | Investors Ep 11
Picking a mortgage home loan can be confusing given the myriad of choices on offer from banks. We dive deep and in between Fixed Interest Rate packages to Floating Interest Rate packages so you can pick what is best for you!
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.
