Interest Rate Cuts

[R13...]

Problem is its more difficult to get prime or below...

Why? Their margins don't change?

 

[JungleBoy]

..the same banks have no clue as to the what the interest rates are likely to be in 13 years time .. :-O

But if I keep to the current installment I will always be paying at my required rate + 0.5% no matter what the rate of interest is. If it goes up they will adjust my installment up as well.

 

[supersunbird]

Why? Their margins don't change?

I don't know the reason why, its the same with homeloans. But try it out anyway and let us know how it goes