Questions
Lender XX - 02 / 12 / 2008
You have requested your loan to be a fixed term at a fixed rate. Have you considered taking say 10-20% of your loan requirement as a variable loan? You seem to have some surplus income and this could be applied to lump sum repayments with no penalty to reduce your loan more quickly therefore saving you money.
Answer - 02 / 12 / 2008
I hadn't actually thought of that, I do have surplus income from time to time which I could apply to the loan. Therefore $30,000 on variable could be beneficial to me.
