THE NEW YEAR HAS BROUGHT IN SOME BIG NEWS ON INTEREST RATES… ALMOST ALL BIG BANKS HAVE ANNOUNCED A CUT IN LENDING RATES AND HOME LOANS ARE BECOMING CHEAPER. 8.65% IS THE NEW MAGIC NUMBER ! NOW WHILE THIS IS GREAT NEWS IF YOU ARE TAKING A LOAN NOW, WHAT ABOUT EXISTING BORROWERS ? DO YOU STAND TO BENEFIT ON YOUR EXISTING LOAN ? IF YES THEN BY HOW MUCH ? IF NOT THEN DO YOU NEED TO SWITCH ? WHAT
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