2 year fixed rate of 2.7% is up at the end of this month.
So, they (AIB) are offering me variable rate of 3.25%, which will mean basically paying about €50 more a month than I currently am.
Or 3 year fixed rate of 4.88%, which will mean an extra €350 a month or thereabouts.
What I'm thinking is to go with variable, but make sure I put an extra €300 into my mortgage account every month, so that I have that as a cushion if rates rise.
Does this make sense? Or would I be better going fixed?
I am single, female, early 30s, job is secure. I currently have one lodger but am going to get in a second to make up this extra €350.
Thanks
So, they (AIB) are offering me variable rate of 3.25%, which will mean basically paying about €50 more a month than I currently am.
Or 3 year fixed rate of 4.88%, which will mean an extra €350 a month or thereabouts.
What I'm thinking is to go with variable, but make sure I put an extra €300 into my mortgage account every month, so that I have that as a cushion if rates rise.
Does this make sense? Or would I be better going fixed?
I am single, female, early 30s, job is secure. I currently have one lodger but am going to get in a second to make up this extra €350.
Thanks