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Mortgage pain on the horizon as fixed rate loan terms expire #Mortgage #pain #horizon #fixed #rate #loan #terms #expire #englishheadline


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Mortgage holders will be in for a shock when their fixed loans expire.

At least 40 per cent of fixed rates will switch to variable rates within the next 18 months.

According to new research from Lendi Home Loans, the average household will have to pay an extra $13,000 in mortgage payments each year. 

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