May 1992 News | RefinanceMortgage.com.au

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Refinance Mortgage News

Maturing Mortgage Cap Options

Saturday May 9, 1992

Q LAST year I took out a $75,000 State Bank mortgage capped at 12.5pc for one year. The loan matures on May 17 and I must now either repay the loan or select one of three loan options: * Variable rate - currently 11pc; * Fixed rate of 11.25pc for three years; or * Capped a