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switching fixed mortgage

poindexter · 2009-04-30 15:37:35

i'm signed to a mortgage for another 15 month. could i change to someone who will give me a better rate, and if so what charges may i suffer for this??? am currently with IIB Homeloans/KBC.

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30-04-2009 4:37pm

#1

poindexter

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Join Date: November 2008

Posts: 547

i'm signed to a mortgage for another 15 month. could i change to someone who will give me a better rate, and if so what charges may i suffer for this???

am currently with IIB Homeloans/KBC.

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#2 30-04-2009 5:35pm
homer911

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Posts: 4731

The only way to decide is to talk to them and get some numbers, then make a decision on where you think rates will be in 15 months time, both variable and fixed. Rates will go back up. The breakout cost of a fixed rate mortgage generally isnt worth it, but get the information and make an informed decision.

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