What rate are you paying on your Variable Home Loan?

[Aimz]

I work for a credit union and currently our staff rate is 5%!!!!!! Pity my loan isn't with them and Wizard want to charge me $14K to get out of my fixed loan!!!!

[Nicambhar]

amysarah - I though that the gov fixed it all up so that people could change loans without being charged huge exit fees?

[Aimz]

Unfortunately that doesn't apply to fixed home loans - it's a different contract. Banks used to charge huge amounts for simply exiting a variable home loan if it was within a 5 year period.

[Nicambhar]

aaahhh poo, that sucks then.