Hi,
just took a mortgage with BOI within the last 9 months and got the cash back etc.
Took out €330k over 30 years at 3.3% fixed for 10 years (advice of my dad).
Got a statement the other day and the reality hit. €15k paid so far but only €4K off the capital.
I know how mortgages work but a shock all the same.
can I reduce my rate by threatening to switch, enquiring about a break out fee?
Or just ring up and demand a lower fee by switching.
I feel I can do it myself. But forearmed is forewarned!
TIA.
just took a mortgage with BOI within the last 9 months and got the cash back etc.
Took out €330k over 30 years at 3.3% fixed for 10 years (advice of my dad).
Got a statement the other day and the reality hit. €15k paid so far but only €4K off the capital.
I know how mortgages work but a shock all the same.
can I reduce my rate by threatening to switch, enquiring about a break out fee?
Or just ring up and demand a lower fee by switching.
I feel I can do it myself. But forearmed is forewarned!
TIA.