We committed to a variable homeloan with National Australia Bank, but now I’m hearing that they’re dropping their interest rate by 0.2 percent. Do we have to apply for the change to reduce our monthly repayments or does it happen automatically?
Thanks we’re new to all this and don’t know much about how it works.
30 Oct 09 5:16 pm
Unless you have a fixed-rate mortgage, the current mortgage interest rates are very important to deciding how much you should pay every month
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