WarrenBuffet
Registered User
- Messages
- 173
Sorry to sound a bit thick but just to doubly confirm:
I have no mortgage options until the market value of my property is less than 92% of the loan?
Thanks for doubly confirming that.....
Damn - if interest rates go up i am screwed (as am on a tracker). Is there any point in me looking into getting a fixed mortgage with my current provider or will i be laughed out of the bank? Or should i sit tight with the tracker (which i know i am lucky to have in the current environment)?
Sorry to sound a bit thick but just to doubly confirm:
I have no mortgage options until the market value of my property is less than 92% of the loan?
this may not be a massive problem now but i can foresee serious problems for people like me if interest rates start to rise - the banks will have people like me over a barrel.
Overpaying on the mortgage is an option for me as to be honest i can well afford it. However it would sicken me to pay in more as with negative equity i would feel for every extra euro i throw at it i am immediately writing off 30 - 50 c. (Additionally i have a large sum of cash that i could lodge against the mortgage - however i have been saving hard on this for some time and again it would kill me to throw more good money after bad).
Personally i feel its more important to have cash on hand rather than a smaller mortgage in these economically very volatile times. Any comments?
i have a large sum of cash that i could lodge against the mortgage - however i have been saving hard on this for some time and again it would kill me to throw more good money after bad
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?