Quote:
Originally Posted by fsk
A wise man once told me "The banks know what they are doing and where interest rates are going to go, fixed rates are a gamble that the bank would never sell themselves short on"
Variable.
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This is my current line of thinking.
It has a lot of merit behind it!
Quote:
Originally Posted by TROLLEY
All well and good, but who has 80k+ deposit for a house?
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Unfortunatly not as many as there should be.
You can avoid it if you move somewhere cheaper. Far away from the city in an older style house. But most don't want to do that.
Someone once told me, if you can't afford the deposit, you can't afford the loan. It has some truth behind it, but it means proper saving for 3 - 4 years.