Thread: Mortgage
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Old 04-02-2009, 01:17 AM
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PCH (Paul)
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Join Date: Feb 2007
Location: Perth WA
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Hi Erick,

more than likely you I'm sorry to say.

In an article I read recently, it explained that because of the extra margin that a bank has to include in the percentage rate of it's fixed loans, and the way that over time variable rates fluctuated - perhaps quite dramatically - the banks win over 80% of the time and the poor punters win only about 15 to 17% of the time.

So the message was clear, you'll likely be much better off by going with the variable rate. That said, I know of more than one person who, like yourself Erick, had a great big smile throught the better times. Perhaps you'll be one of the 15 to 17%

Cheers,
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