S
steps_3314
Guest
Can anyone help me decide?
So basically my 3 year fixed rate term expires mid November 2009 and PTSB has presented me with the following options
LTV @3.65% (Meaning mortgage would be approx 200 less a month)
Tracker @4.25% (Meaning mortgage would be approx 100 less a month)
And some other fixed rates which are 5% + which i will ignore.
I find it strange as i have reading threads on the net and alot of people have being offered tracker rates lower than the LTV in which case then it would be a no brainer.
Although the LTV looks a better deal i keep hearing that the tracker is the way to go as once you turn it down you will never again get offered it.
However i know the cons of the variable also as this could rise significantly in the long run.
Im leaning towards the tracker at least i will have a rough idea of where im at.
Any advice appreciated
So basically my 3 year fixed rate term expires mid November 2009 and PTSB has presented me with the following options
LTV @3.65% (Meaning mortgage would be approx 200 less a month)
Tracker @4.25% (Meaning mortgage would be approx 100 less a month)
And some other fixed rates which are 5% + which i will ignore.
I find it strange as i have reading threads on the net and alot of people have being offered tracker rates lower than the LTV in which case then it would be a no brainer.
Although the LTV looks a better deal i keep hearing that the tracker is the way to go as once you turn it down you will never again get offered it.
However i know the cons of the variable also as this could rise significantly in the long run.
Im leaning towards the tracker at least i will have a rough idea of where im at.
Any advice appreciated