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Interest rates play a significant role when you take out a loan as they affect your repayment amount and the total of your mortgage. It’s important to understand what it is and how it affects your home loan overall.
When looking to purchase your first property, one of the most important factors to consider will be what kind of home loan you decide to choose. Educating yourself on the different kinds of available home loans and their features will help to make the decision-making process a lot easier.
When it comes to getting a home loan, you’ll usually have two options to choose from: a fixed rate home loan or a variable rate home loan. Find out here which is best suitable for you.
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