cousin_borat
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I currently have a mortgage of 150k with the ACC for investment property. At the moment its EURIBOR + 1.25 = 6.1%.
The next EURIBOR review is 21/7/2008. I'm hearing rumours that over the next few years EURIBOR is going to keep going up and up. Is this true? In that case it seems it would be best to dispose of the asset since it is gaining 4-5% per annum. It's very confusing with the current economic climate, ECB statements and other analysis. I'm not an expert in Macro Economics by any stretch of the imagination.
The next EURIBOR review is 21/7/2008. I'm hearing rumours that over the next few years EURIBOR is going to keep going up and up. Is this true? In that case it seems it would be best to dispose of the asset since it is gaining 4-5% per annum. It's very confusing with the current economic climate, ECB statements and other analysis. I'm not an expert in Macro Economics by any stretch of the imagination.