Should You Fix Your Interest Rate In 2023? - 1 Percenters

Welcome to episode 89 of The Numbers Game. On today's show we're taking a deep dive into the financial fork in the road that homeowners are facing in 2023. We're breaking down the big decision between fixed and variable home loans, and we're laying out the pros and cons of both. 1 Percenters:Pros and cons of fixing vs variable home loan ratesUnderstanding fixed rate home loans and practical tips for homeownersBenefits of both fixed and variable rate mortgagesImpact of interest rate increases on property valueDebt consolidation case study of a couple facing financial difficultyPower of compounding and reducing loan term to save on interestDebt management strategies, including utilising cash flow to pay down debt.Check out the free resources from Inovayt here.Send us an email: [email protected] Numbers Game is brought to you by Future Advisory & Inovayt.Hosts:Nick ReillyJason RobinsonMartin VidakovicThis podcast is produced by VIDPOD. Check out our new website thenumbersgamepodcast.com.au. Browse the full show catalogue, jump straight to specific moments on the topics you love, or leave us a voice note. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.