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mortgage offer
bdenholm
Posts: 1 Newbie
I have a mortgage on a five year fixed rate of 4.54%. The rate lasts till nov 2010, but my mortgage company has just written offering to fix for a further 5 years till 2014 at no cost whatsoever is this the best option ?
0
Comments
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4.54% isnt a bad rate at all, but it depends entirely on your situation. if you are not planning on moving for some time then why not? however check to see what fees are payable if you do decide to sell, etc.
If you are in a position to overpay, are there charges for that too? If you have a reasonable income and 4.54% gives you spare change each month, overpaying is a good idea too.0
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