bannerman80
Registered User
- Messages
- 4
Not sure if i should commit to 5 years with aib....any advice would be aporeciated, thank you!
I don't think someone who has stable employment and whose mortgage repayments are <20% of their net income should fix long term.
Before we get too far talking about curves and such. Context of thread. OP asked about 5 year green rate from AIB. It's their lowest rate...I just think the yield curve offered by most Irish banks slopes too much upward to make it worth while.
you are better off just riding it out and taking advantage of lower rates short run.
You might make an argument that people should fix for only one year and not for ten years. That is much more open to discussion.
Indeed, I wasn't aware of that.Before we get too far talking about curves and such. Context of thread. OP asked about 5 year green rate from AIB. It's their lowest rate...
I see absolutely no logical reason not to, in the circumstances presented.OP seemed to be asking whether they should fix for a longer period per se.
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