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Advice on what to go for
Hiya
Wonder if someone can give me some advice on the following 2 loan options:
a. 4-year loan @ 8% APR with rate fixed
b. 4-year loan @ NWBR + 2.5% variable rate
Guess the second one gives more flexibility, but given the outlook on interest rates, well, it may be a huge gamble.
At this point i time, both loans work out the same (NWBR at 5.5% + spread = 8% on the fixed loan deal.)
What do you reckon?
Cheers,
Garg
Wonder if someone can give me some advice on the following 2 loan options:
a. 4-year loan @ 8% APR with rate fixed
b. 4-year loan @ NWBR + 2.5% variable rate
Guess the second one gives more flexibility, but given the outlook on interest rates, well, it may be a huge gamble.
At this point i time, both loans work out the same (NWBR at 5.5% + spread = 8% on the fixed loan deal.)
What do you reckon?
Cheers,
Garg
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