Hi All,
Currently with PTSB on 4.2% MVR with an outstanding balance of 196K on a property valued at 250k last year maybe closer to 260k now.
House is currently only in my wife's name so we would be adding me to the mortgage also.
Didnt have the best of experiences with PTSB during the recession and i am finally in a position to move on.
I am trying to decide between just switching once to the lowest possible fixed rate reducing my outstanding term from 23 years to 20 or possibly 15 years keeping the current repayment amount.
Or switching as many times as possible within a 6-12 month period going from PTSB - EBS - KBC - UB to get the cashback offers and lower my principle. I imagine all the legal fees would negate most of the cashback and would switching 3 or 4 times really be worth it for possibly 3-4k
Would really appreciate your thoughts.
Thanks
Currently with PTSB on 4.2% MVR with an outstanding balance of 196K on a property valued at 250k last year maybe closer to 260k now.
House is currently only in my wife's name so we would be adding me to the mortgage also.
Didnt have the best of experiences with PTSB during the recession and i am finally in a position to move on.
I am trying to decide between just switching once to the lowest possible fixed rate reducing my outstanding term from 23 years to 20 or possibly 15 years keeping the current repayment amount.
Or switching as many times as possible within a 6-12 month period going from PTSB - EBS - KBC - UB to get the cashback offers and lower my principle. I imagine all the legal fees would negate most of the cashback and would switching 3 or 4 times really be worth it for possibly 3-4k
Would really appreciate your thoughts.
Thanks