The term of the loan, all else being equal..?WizardDr said:I imagine it will be a few years to 'save' €10,000 in interest.
If emnc is on that rate, it's the best in the country (for LTV <60%) and is guaranteed to remain at the ECB rate +0.79% for the life of the loan.WizardDr said:Assuming that NIB stick at 2.79%.
That's the beauty of a tracker mortgage..!WizardDr said:Would not hold my breath.
WizardDr said:The beauty of the tracker is when interest moves down. Tell me again in June 2006 when rates may move up what th advantage then is.
The advantage of a Tracker Mtgage holds especially when interest rates increase, as one always remains on the ECB interest rate + .79%. Instead of relying on a bank to choose whatever variable rate they wish to put you on. Eg. BOI current variable rate is 3.6%!!
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