Structure Your Loan Smartly
Should you lock it all in, or split it up? Whether you're refixing or refinancing, compare your strategies below.
Why Split Your Mortgage?
Hedge Against Rate Changes
By splitting your loan across different fixed terms, you reduce the risk of locking in at a bad time. If rates drop, part of your loan will refix sooner at the lower rate.
Maintain Flexibility
Shorter fixed terms give you more frequent opportunities to reassess your strategy, make lump sum payments, or switch banks without incurring large break fees.
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