Movies are an important part of modern culture and such a beloved form of entertainment, it’s unsurprising that there are so many people that define some core part of their being through what they like in a movie. You can learn a lot about yourself by whether you like a romantic comedy or a blistering action film – perhaps even get an insight into what sort of home loan is right for you.
Your movie choice might be saying more than you think.
The Fast and the Furious
There is a certain class of people who just want to shift into a higher gear, remove that debt and move on to the next investment through refinancing. A bit of action, a sprinkle of excitement, but most of all you want equity in your home. If you want to pay off your loan as soon as possible, you would fit right in with The Fast and the Furious.
If this sounds like you, we recommend that you look into variable home loans. Their interest rates, just like you, are constantly on the move and shifting to match the market. However, the most important bit is that they will often allow you to make additional repayments so you can get that mortgage gone faster.
Back to the Future Series
You like a bit of everything. Back to the Future has car chases, romance, science, adventure, time travel – there’s a little bit of something for everyone in these films, which might be one of the reasons they prove so popular. When it comes to home loans, you want to know that you have some steady repayments, but also want the ability to pay off your debt sooner.
Having half of your debt in a variable rate means you can make lump repayments on that segment, while having the other half fixed means you won’t be so affected by shifting interest rates.
Forrest Gump
You’re certain that you want to get a chocolate every time.
Life is like a box of chocolates and you never know what you’re going to get, but you’re certain that you want to get a chocolate every time. You desire steadiness and consistency, which is why a fixed rate loan should be your primary consideration.
While you often won’t be able to make lump repayments, you always know you are going to be paying exactly that much over this amount of time. It’s easier to plan for, it’s not going to change due to the market and you won’t have to make any sudden sacrifices to meet your repayments.
Movies have their reviewers, and so do home loans. Speak to us, your local mortgage broker, to find out which loan is right for you.