Hello,
My mortgage has 22.5 years to run and it's currently on a variable rate of 3.2% with KBC, with a balance of 175K. The monthly repayments are €906. We'd like to significantly reduce the term of our mortgage. Is remortgaging the only realistic way for us to achieve that? We're thinking we'll reduce the balance to 125K with savings, and try to get a fixed rate mortgage with avant if possible for 5 years to pay off the rest. My only concern with that is all the paperwork / fees. Is there a better way?
Thanks!
My mortgage has 22.5 years to run and it's currently on a variable rate of 3.2% with KBC, with a balance of 175K. The monthly repayments are €906. We'd like to significantly reduce the term of our mortgage. Is remortgaging the only realistic way for us to achieve that? We're thinking we'll reduce the balance to 125K with savings, and try to get a fixed rate mortgage with avant if possible for 5 years to pay off the rest. My only concern with that is all the paperwork / fees. Is there a better way?
Thanks!