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One of my connections is a mortgage broker. Eva Poulson.
Answer Snippets (Read the full thread at linkedin):
If you're looking for a variable mortgage the current rate is about....
Generally the fixed rate mortgage with all the "bells & whistles" (repayment options) is 3.19%.
It depends on what you're looking for in features with your mortgage.
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As in title folks, I have just added 7 1/2 years to my mortgage term to save me some money... hope i've done the right thing.
My reasoning - I have reduced my overpayment from £627 a month, down to only £127 a month. I have done this so that I can put...
Started by Lifes Grand Plan on
, 13 posts
by 9 people.
Answer Snippets (Read the full thread at moneysavingexpert):
All the best I know its hard when you're focusing on OPing but that's the wise choice decision on the interest rates involved... .
While it's nice to aim to clear the mortgage quickly you also need to live and sometimes the mortgage soon.
Thing.
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I am 2 years into a 35 year variable mortgage. I have been saving for the past 2 years and have managed to put away 10 grand. I also have a lodger in the house. I am considering paying off a lumpsum of the mortgage, my mortgage currently stands at 141...
Started by irish_bhoy82 on
, 11 posts
by 6 people.
Answer Snippets (Read the full thread at askaboutmoney):
When you lodge the lump sum, you can choose to reduce the term of the mortgage to pay down the mortgage until I ....
Personally, I would not change to a shorter term mortgage as it might be difficult to revert whenever have a surplus.
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I received an offer for my 2 bed flat from a buy-to-let buyer who has as he says 30% deposit and expects to get a mortgage.
I have 64 years remaining lease and 1/3 share of freehold in the management company and there are 2 more flats each with 1/3 share...
Started by AdmiralX on
, 14 posts
by 8 people.
Answer Snippets (Read the full thread at moneysavingexpert):
It's a leasehold flat with 64 years remaining on the lease.
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I'm hoping that writing this diary will help keep me on track to my goal as I find other people's very inspiring and am in need of inspiration
Bit about us
Mortgage started - 2006 25 years £150k
Current overpayments to Dec 2011 £27.4k
Outstanding mortgage...
Started by TwinnyD on
, 12 posts
by 7 people.
Answer Snippets (Read the full thread at moneysavingexpert):
Good luck in your quest to....
A lot of fixed term mortgages have a 10% cap on the amount you can re-pay per year so make certain you don't have one circumstances change.
Over any maximum per year re-payment amount that you can make.
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Hi, Bogleheads:
It seems like I’ve been saving for that far off dream of retirement forever ( actually I opened our first IRAs in 1983). Suddenly at age 59 I now realize that the finish line is in sight. I’m thinking that it might be nice to be mortgage...
Started by jnsolberg on
, 15 posts
by 10 people.
Answer Snippets (Read the full thread at morningstar):
Regards,
Mel Interesting ....
One less major bill to worry.
:-)
But, I'm happy to say the mortgage is payed off.
Part of my tax refund each year to pay down the mortgage, say 2000.00, then we will pay it off in any given year.
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A couple of months ago i refinanced into a 10 year loan on my house at 3.25%. My thought being that i want to pay off my house sooner rather than later. I owe $290k on a $500k house so I have decent equity in it.
I am a believer that high inflation will...
Started by soccerdad12 on
, 30 posts
by 20 people.
Answer Snippets (Read the full thread at bogleheads):
Bond prices and 30 year mortgage rates sure don't seem, then take the 30 year....
That's our plan, anyway.
I have a similar balance and went with the 30 Pay It Off .
The course with the 10 year mortgage and pay the home off.
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Mortgage - 10 year @ 3.89 vs 4 year @ 2.99 So the title is pretty descriptive of my question.
I know no one can tell the future, but that's question I'm look at right now.
Anyone wanna spout off on what they think is better?
Are there any excel/online...
Started by Chingyul on
, 9 posts
by 9 people.
Answer Snippets (Read the full thread at redflagdeals):
Where are you getting the 10-year @3.89 rate? True North Mortgage 10 3.84%
http://www.truenorthmortgage.ca/
Warning: Anything I write there are indications they are about....
Have to rise to at year 5 to make up for the savings of the 2.99.
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(I am going to actually talk to the bank, but I know some of you folks work in the industry. Don't flame me bro)
We just purchased our house in Dec. 2010. I have been paying a bit over our payments, but we still haven't made much of a dent yet, it is ...
Started by yak8998 on
, 15 posts
by 11 people.
Answer Snippets (Read the full thread at arstechnica):
It all comes down; APR takes into account closing....
I got 3.25 on a 15 year with zero closing cost.
3.8 isnt all that great.
We dropped from 4.875 at it again...
Actually signed the refinance one year to the day after our initial closing.
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Half Way through our 5 year fixed term at 4.14, Break the mortgage and re-sign? Hi all,
Im Half Way through our 5 year fixed term at 4.14, Would it be beneficial Break the mortgage and re-sign at 2.99 for 3-5 years?
My current mortgage said it would only...
Started by sp on
, 7 posts
by 5 people.
Answer Snippets (Read the full thread at redflagdeals):
year fixed term at 4.14, Would it be beneficial Break the mortgage and re-sign at 2.99 for 3-5 years your mortgage, paid the penalty and signed up for a 3 year mortgage, you are essentially extending your your....
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