15 years left on my Mortgage Variable Rate (4.3 %). The remaining balance is €105,000.
The interest rate is high compared to what is offered by other providers but I don't want the hassle/expense of changing. BOI my current provider have a 3% fixed rate .
I also have €25,000 on deposit that I want to use to reduce my number of years left of my mortgage but keep the same monthly repayment amount.
So after paying the lump sum on my mortgage I plan to change to a fixed rate , do you think this is a wise course of action and how many years would you fix it for?
The interest rate is high compared to what is offered by other providers but I don't want the hassle/expense of changing. BOI my current provider have a 3% fixed rate .
I also have €25,000 on deposit that I want to use to reduce my number of years left of my mortgage but keep the same monthly repayment amount.
So after paying the lump sum on my mortgage I plan to change to a fixed rate , do you think this is a wise course of action and how many years would you fix it for?