Dan Patton, from BM Select Mortgages, popped by Rock Star to give us his best advice on selecting a fixed or variable rate mortgage. Choosing the right option can save you thousands of dollars. Dan let us know…
• How the intention of the property you’re buying affects your decision
• The 3 advantages of taking a variable rate
• Which option will likely save you the most money and what most investors choose
• The critical conversation you need to have with your mortgage broker to build your portfolio optimally
• Why 5 is the magic number of properties that changes how you finance your portfolio
Listen up if you want to understand the variables that will decide what the best option is for you.