Borrowers say that flexible is better than fixed. It depends.

For new borrowers, most will go maximum tenure ... 30 years to have lower monthly repayment.

If you want fixed payment without bothering interest fluctuation, go for fixed.

If you forecast can settle the loan earlier, go flexible. Sometimes, increase monthly repayment due to increase interest rate can affect a borrower with tight cashflow.

Early settlement can also be done for fixed rate.

No banks can say interest rates will be like today forever and vice versa .

30 years is a long time and also depends on the amount borrowed.

In life, we cant have the best of everything.

This post has been edited by mini orchard: Jun 24 2020, 07:45 AM