Floating Or Fix Mortgage

Should I fix my mortgage or remain on floating?

• there is no rule of thumb where one size can fit all
• we might like our coffee or tea with sugar & milk but our health may dictate otherwise
• we have to make a choice accordingly if we need to remain healthy – our loan needs to be serviced regardless
• repayments need to be made no matter what your situation
• different borrowers have different situations – in some cases they are extremely different 
• no 2 cases are similar in terms of budgets & commitments
• those on a very tight budget now on the current variable rate with no change in circumstances possible soon should look at fixing or combine fix & float a small amount of the loan.
• it is possible household is down to one income as against two incomes earlier – look at fixing
• if you are expecting some money from work or business or wherever,depending on when – fix accordingly
• those with a healthy budget – meaning a healthy surplus – should remain on floating
• there are those who have a good surplus but need certainty of repayments for a period - fix short to medium – 6 mths-18 mths
• there are those who need certainty of repayments for longer periods – fix medium to long – 18 mths – 60 mths
• those in business with regular cash flow – different options
• this is again general advice without looking at situations from close and getting details

  i can tailor your loan for you depending on your situation