Hi all
I have a friend who is considering going interest only for a period. Is there anywhere online where you can enter amount of mortgage etc and get cost per month of mortgage while interest only and more importantly how mush it will cost them over the lifetime when they go back to full repayments.
Ive read Brendans piece on here and is brill I must say!
She is on an AIB fixed rate, the complicating factor is that she will hopefully clear all mortgage in next number of years due to property sale of another house she has a share in. Will she have to pay extra on mortgage when she clears this due to having gone interest only for a period?
Also can she clear mortgage while on interest only and also will there be a cost to her from bank by clearing mortgage that is on a fixed rate?
Thanks all
Noel
I have a friend who is considering going interest only for a period. Is there anywhere online where you can enter amount of mortgage etc and get cost per month of mortgage while interest only and more importantly how mush it will cost them over the lifetime when they go back to full repayments.
Ive read Brendans piece on here and is brill I must say!
She is on an AIB fixed rate, the complicating factor is that she will hopefully clear all mortgage in next number of years due to property sale of another house she has a share in. Will she have to pay extra on mortgage when she clears this due to having gone interest only for a period?
Also can she clear mortgage while on interest only and also will there be a cost to her from bank by clearing mortgage that is on a fixed rate?
Thanks all
Noel