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Janeet

4 months ago

Hi Andre, I would suggest you call your bank now to seek a payout figure to establish the breakup cost, if any. It takes the speculation out of the equation. You will be amazed to see what happens immediately thereafter. Clearly, you are thinking about it now hence, NOW is the time to thoroughly investigate your options. I am available to make the calls for you and provide a full service to your satisfaction. Please let me know. Kind regards Janeet Pulappadi

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Lawrence

4 months ago

Hi Andre As the Lenders are constantly updating their interest rates, I recommend that you only commence the decision making process early November, so that whatever decision you make is ready to be implemented. I am happy to discuss your options with you now so that your decision making process is easier when your existing fixed rate term expires.

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Jessica

4 months ago

Hi Andre, Happy to have a chat to you and assess your situation and look at options as other brokers have said might be worth holding out to October but always good to start looking ahead of time so you know what is going to be best. Check out my profile more than willing to assist, Jess

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Linda

4 months ago

Hi Andre, Thank you for your question. As interest rates fluctuate any rates quoted now may not be applicable in November. I would suggest that you start the review process in October to give you enough time to review your situation prior to your existing fixed rate expiring. It would also be a great time to review your overall financial position to ensure you have the best products/rates on all your borrowings. If you wish to speak with someone now I am happy to assist and give you clear answers, options and products. Kindest Regards Linda

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Mark

4 months ago

Hi Andre, You will have exit penalties for breaking your current fixed rate (which to be fair, isn't that bad) and would be better off waiting until Mid October and re-look then so that you can source a new 2-year fixed rate to coincide with the end date of your existing fixed rate

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Damian

4 months ago

Hi Andre, As banks change their interest rates regularly we can only provide you with current rates. With your fixed rate loan which is expiring at the end of November, you would be looking at starting the refinance process within the first week or two in November, for the refinance application to be completed and ready to go after your fixed rate period has expired, so there are no exit fees from refinancing out before the end of the fixed rate term. Happy to help and discuss in more details with you! Regards, Damian Claridge

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