Hi we just made a new fix with BOI for the outstanding amount of 110.000 Euro. start date Sep 2023 for 5 year fix.
We have always had the mortgage with BOI and currently the new interest rate is 4.0%.
Now I will get a pension early payout which could bring down the mortgage to 30.000Euro outstanding.
Will I have to pay a breakfree to be able to pay in the 80.000 Euro will there be any penalty.
I'm looking at saving 20.000Euro + on the early pay out as I will have 3 years left to pay.
Thank you.
We have always had the mortgage with BOI and currently the new interest rate is 4.0%.
Now I will get a pension early payout which could bring down the mortgage to 30.000Euro outstanding.
Will I have to pay a breakfree to be able to pay in the 80.000 Euro will there be any penalty.
I'm looking at saving 20.000Euro + on the early pay out as I will have 3 years left to pay.
Thank you.