Caili said:Hi,
We also have C.U loan of 30K.. I would really like to get rid of the C.U loan by topping up our mortgage by 40-50K, paying off C.U, putting 10K into the house and saving the other 10K. Are we crazy??
Caili said:Will probably switch to tracker as variable rate will be 4.45% come November
Caili said:Girl on phone told me alot of people are fixing at the moment so if anyone was thinking of it, now is it the time to do it
Scotty said:She is a salesperson, selling fixed rate mortgages. That her "advice" may be correct for your situation is beside the point--she would have said the same thing to anyone at any time.
J.
Caili said:J,
Yes she is a salesperson but fixing now would be a good idea as theres another hike due in Aug and unless the rates are goin to decrease which is highly unlikely,the "advice" was actually good advice!!!
SidTheDweeb said:It surely depends on the fixed rate and length.
Scotty said:That her "advice" may be correct for your situation...
Caili said:J,
Yes she is a salesperson but fixing now would be a good idea as theres another hike due in Aug and unless the rates are goin to decrease which is highly unlikely,the "advice" was actually good advice!!!
Caili said:Hmmmm! We're obviously going to have to think long and hard before we do anything, we have until November anyway! But the lender im with seems to have higher rates than other lenders so we will definitely have to shop around and move lenders if needs be!
Thanks again for all your advice!
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