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What happens when the initial fixed term is over?

fixed happens initial term
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What happens when the initial fixed term is over?

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Typically when the initial fixed term is completed, your new rate is determined by taking the index plus your margin. For example if your margin is 2.75% and your index is 1.75%, your new fully indexed rate would be 4.00%. This can then change monthly, bi-yearly or yearly depending upon the product you have choosen.

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