Hi all, Would really appreciate your advise. Today I need to choose one of the following mortgage rates. Both rates offer cash back 2% (which I will be use for furniture etc). First Time Buyer. The length of the Term is stalling me.. 1. PTSB 3.2% 3yr Fixed Rate (Term=32 years) Montly repayments: €1404 After 3 years the Cumulative interest is €31,477 OR 2. BOI 3.0% - 3yr Fixed Rate (Term=30 years) Montly repayments: €1421 After 3 years the Cumulative interest is €29,392 Option 1 is cheaper by €17 per month. - Couldn't I reduce the term after the initial 3 years if I wanted? Is Option 2 better in the long term? Thanks.