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Floating rate Vs fixed rate for Home Loans

Discussion in 'Home finance' started by real_buzz, Oct 9, 2011.

  1. real_buzz Moderator

    Fixed rates home loans are more expensive than floating rates but the way floating rates are increasing in last few years, it is gradually becoming extremely difficult for home buyers to sustain them. Floating might be expensive but at least one is sure for some time about the amount he or she is going to pay. Floating rates are good if loan amount is not big. what is your opinion on that?
  2. ramchandran New Member

    In the short term fixed rate may look better but it is floating rate which will help in long term.

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