Switch or Change Term

bennyconn

Registered User
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1
I have a 180K mortgage with KBC on 4.5% APR , 16 years remaining, I will have kids going to college from next year so need to free up some cash, if I was with anyone else it would make sense to move to KBC. I have been talking to them about increasing to 25 years but its not making a massive difference in the repayments, Is anyone else doing decent switcher deals ? Am I mad to be considering increasing the term ? At the moment we would have very little left over at the end of the month and we wouldn't have any massive car loans etc, just childcare and cost of living.

Any advice welcome.
 
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