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5 year fixed - would you?
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True and accurate.born_again said:Go for the 5 year if that suits you.
No one can say what is going to happen in the future.
Just look what happened in 2020, then in 2022... No one predicted either of them.
Just fixed for 5 here. Would rather have the certainty of knowing costs in that period, rather than trying to think of having to go through the same in another 2 to 3 years.
I got my first mortgage in September 2021 but then fast-forward a year later mortgage rates suddenly shot up.
Now I wish I did go for 5 years because my 2-year FR is ending soon at 3.89%, so it will be costing me more to pay it off...0
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