What do you guys think about Fixed Rate Loans?, AIA's Newest Fixed rate at 4.99%!
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 Feb 21 2009, 12:00 AM
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Junior Member
326 posts Joined: Jul 2008 
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Fixed rate is good if inflation is high ... provided your salary / rental income follows the inflation rate
 Imagine your rental RM1000 becomes RM2000 10 years later and your installment is still the same. I wonder if a Zimbabwean salary is in billions today and if they got fixed rate loan 20 years ago for only 200K ... can easily pay it off? |
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