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OCR rises on fixed floating mortgages Since mid 2004 the Reserve Bank's OCR and floating rate has risen by 150 basis points 1. Most likely, it will be something unexpected that stalls real estate. Default is Dry Enter the grade in percent.
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Home Useful Links Contact Us Advertising in MoneyWeek Site Map Privacy statement Terms and conditions Privacy Policy free emails Site powered by WORKSsitebuilder CMS The MoneyWeek news service is operated by Digital Look Ltd Digital Look Ltd 1998-2005. The chance that the "message" will be "received" is only infinitesmally greater if Candidate X gets 10 million votes than if he gets 9,999,999. Some of the primary reasons for refinancing are to lower monthly payments, pay off a loan or build equity faster, convert an adjustable-rate mortgage ARM into a fixed-rate mortgage, or change loan terms.
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Raise your hands if you did that," David asked. From the $76,000 offer, the risk/reward calculations were pretty straight forward. Which loan is better, Fixed or Adjustable.
Apart from liquidity, consider which option will give you the most bang for your buck.