how much does it cost to break fixed interest

Fixed rate mortgages have high exit fees for people who want to exit the loan before the fixed rate period is up. If you're thinking about refinancing a fixed rate loan, ask your Cairns Mortgage Brokers for an indicative payout figure, making sure this includes any break cost.

This payout figure might change if you don't act straight away. Using this number calculate the total cost to you of moving the loan. In a stable rate environment the break costs may not be too high. When rates fall, break costs will go up. If you have any questions about your current home loan, give us a call. 07 4057 9746

Source: Bankheadlines.com.au