What should floating rate mortgage users be aware of when interest rates rise?
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Some of the people who are currently borrowing a home loan with a variable interest rate may think that this “5-year rule” is “5 years from the time of borrowing”.
“5-year rule” and accrued interest Normally, the “5-year rule” is applied to variable interest rates, so even if the interest rate fluctuates, from the date of borrowing… → Continue reading
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