littletiger
Registered User
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I have 80k remaining on my mortgageand 75k cash. The tracker mortgage interest is 1.75% with 18 years of the term left.
Deposit interest rates seem to be dropping.
My questions are:
1) at what rate are the banks borrowing money to support my 80k;
2) if I went in and asked proposed I pay 75k and they write off the 5k would they take is up as they would be making a saving by getting me off their books
3) should I hold off altogether and look for the best deposit rate?
Deposit interest rates seem to be dropping.
My questions are:
1) at what rate are the banks borrowing money to support my 80k;
2) if I went in and asked proposed I pay 75k and they write off the 5k would they take is up as they would be making a saving by getting me off their books
3) should I hold off altogether and look for the best deposit rate?