mrheisenberg
Registered User
- Messages
- 5
Hi All,
This forum is so helpful but something I haven't been able to find is what duration of mortgage one should apply for.
I am 33 and my partner is 29 and we are getting mortgage for self build.
Using the banks online repayment calculators we could afford to repay the mortgage repayments on a mortgage term of 22 years.
Should we go for this length and if we do would it be hard to restructure in the future should circumstances change?
Or if we went for say a 27 year term and overpaid each month would this be the same thing?
Thanks in advance for your help.
This forum is so helpful but something I haven't been able to find is what duration of mortgage one should apply for.
I am 33 and my partner is 29 and we are getting mortgage for self build.
Using the banks online repayment calculators we could afford to repay the mortgage repayments on a mortgage term of 22 years.
Should we go for this length and if we do would it be hard to restructure in the future should circumstances change?
Or if we went for say a 27 year term and overpaid each month would this be the same thing?
Thanks in advance for your help.