I would appreciate some advice as to how I should alter my home loan. I am currently struggling with the home loan payments I am currently on.
I have a mortgage of $ 658000 at an interest rate of 7%, variable rate.
Should I be changing part of the loan to fixed rate given the current interest rate cut scenario ?|||You'll have to consider the cash money needed to close on the re-fi. .... how ever much that is ? a couple thousand? Not sure.|||Change it all to 3.75% for 30yrs or 4% if you miss the lower RATE.
DO IT NOW A.S.A.P.
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