bluestilton
Registered User
- Messages
- 43
Apologies if this is posted in the wrong category. Our home mortgage is with KBC: 5 years 7 months left, balance owing €89,731, interest rate 4.25% variable. Repayments currently €1425 per month. I am concerned with the move to BOI that our repayments could go up and lord knows we have paid enough for this mortgage over the years. We are both in mid 50s and want to see an end to repayments. I spoke with KBC this morning and they suggested getting property revalued and going for their package of fixed rates which are between 2.6 and 3.9% currently this would give us protection on the interest rates for five years. I know this will not make much difference to monthly repayments given the term left on the mortgage. What would you advise is the best option.
Many thanks.
Many thanks.