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Switching mortgages

cubatahavana · 2022-07-18 12:59:34

I am not asking for financial advice, but I was just wondering what people would choose: 4 years fixed at 2.05% and another 20 variable (advertised at 2.0% now): 2.2k-ish per month 24 years fixed at 2.65%: 2.4K-ish per month We can afford both scenarios no problem. My thoughts are that I don’t think rates will go much…

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18-07-2022 1:59pm

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cubatahavana

Registered Users Posts: 991 ✭✭✭

Join Date: November 2010

Posts: 907

I am not asking for financial advice, but I was just wondering what people would choose:
4 years fixed at 2.05% and another 20 variable (advertised at 2.0% now): 2.2k-ish per month
24 years fixed at 2.65%: 2.4K-ish per month
We can afford both scenarios no problem. My thoughts are that I don’t think rates will go much lower that now, but they could increase significantly. More than likely we will get the 24 years fixed, but was wondering what would people choose

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