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can we extend fixed rate

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  • 08-02-2011 12:22am
    #1
    CJ1
    Registered Users Posts: 92 ✭✭


    Currently have 234,000 mortgage on two bed apartment in Lucan, 24 yrs left on it. Current fixed rate mortgage for 3 yrs at 3.19% due to expire in August 2012. Will bank allow us to break and fix for longer, Would this be wise?


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    #2
    Victor
    Registered Users Posts: 78,392 ✭✭✭✭Victor


    If you break, you may have to pay a penalty (not certain as rates are rising).

    I think ask them about an extension of the existing rate. If they say no, wait a few days and ask them what rate they would give you.


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    #3
    Tigger
    Closed Accounts Posts: 16,705 ✭✭✭✭Tigger


    CJ1 wrote: »
    Would this be wise?

    nobody can tell you what is going to happen to rates but they will certainly go up.


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