FIXED vs VARIABLE RATES: Which is right for you?

Confused about choosing between a fixed and a variable rate mortgage? This video clarifies the differences and helps you decide which option best suits your financial situation. Learn the pros and cons of each rate type, including potential impacts on your monthly payments and overall interest costs. Get the expert advice you need to make a smart mortgage choice! 📉🏠 CHAPTERS 00:00 Let's Break Down The Rates 00:10 Fixed Rates 01:32 The Problem With Fixed Rates 02:14 Variable Rates 02:49 Offset Vs Redraw 03:15 Cons of Variable Rates 03:43 Split Loans T. 07 3899 0009 E. save@madd.com.au W. https://bit.ly/Madd_Loans If you liked this video, then you may find these videos useful: 💳 https://youtu.be/MLEYOVszM88 😞 https://www.youtube.com/watch?v=RJ6NAFjNPpA&t=28s 🔍 https://www.youtube.com/watch?v=rTywcYauW-E 🥇 https://youtu.be/ULGzQWU0Syg #homebuyingtips #homeloanguide #money DISCLAIMER: These videos are NOT personal advice; these are general information videos and should not be taken as advice for your personal situation. If you want personal advice, you should speak to a qualified financial planner about your personal situation.