question
Q: My financial institution has been in touch to notify me that the fixed half of my home loan will soon expire (the other half is variable) and that I have the choice of reverting to their variable rate of 5.26% (comparison rate) or extend for a further 36 months @ 4.29% (comparison). They also offer 1 year fixed - 4.34%; 2 yrs - 4.31%; and 5 years - 4.54%. What do you advise?
