I am going to borrow home loan from the bank and have three options: fixed rate, variable rate and half and half.
Would you please advise here what option I should take. You are welcome to comment on ‘owner occupier’ or ‘investment’, and three different options because your comment may benefit others even if it does not directly apply to my situation.
My idea is to fix the rate as I see the interest is very low now, but who knows it might go further down. I do believe we have economists out there.
Thank you for your comments and sharing ideas.