Hundreds of thousands of homeowners are trying to restructure their expensive fixed-rate loans, but this can be a long-term investment. This is causing more people to look at variable interest rates – but you have to be careful here.
Have you bought a home in the last three years and chosen a fixed interest rate?
Or are you an established homeowner who has used the interest rate increases since 2022 to convert your cheap fixed-rate loan to a more expensive one to cut a chunk of the remaining debt?
