HouseBuyer10
Registered User
- Messages
- 69
Hi everybody,
We're trying to decide what rate to choose for our mortgage and, even if my husband and I Googled a lot of info, we're still not very sure which one to choose.
The first question we asked ourselves is which the safest choice is: fixed, variable or split? It seems that the split one is safer than the variable rate and it gives up the possibility to pay a lump sum in the future.
Secondly, we still don't understand what the various variable options mean and which one is more advantageous for us:
LTV Variable >80%
LTV Variable > 50%< =80%
LTV Variable< =50%
I'd really appreciate it if someone could explain these to me.
Thanks a mil.
We're trying to decide what rate to choose for our mortgage and, even if my husband and I Googled a lot of info, we're still not very sure which one to choose.
The first question we asked ourselves is which the safest choice is: fixed, variable or split? It seems that the split one is safer than the variable rate and it gives up the possibility to pay a lump sum in the future.
Secondly, we still don't understand what the various variable options mean and which one is more advantageous for us:
LTV Variable >80%
LTV Variable > 50%< =80%
LTV Variable< =50%
I'd really appreciate it if someone could explain these to me.
Thanks a mil.