P peterwilson Registered User Messages 65 15 Dec 2008 #1 Hi We're currently on a fixed rate (for 4 1/2 more years) at 5.5%. We can move onto a variable rate (with no penalty) for 4.55% Any advice? Thanks PW
Hi We're currently on a fixed rate (for 4 1/2 more years) at 5.5%. We can move onto a variable rate (with no penalty) for 4.55% Any advice? Thanks PW
C c00lcarl Registered User Messages 123 31 Dec 2008 #3 peterwilson said: Hi We're currently on a fixed rate (for 4 1/2 more years) at 5.5%. We can move onto a variable rate (with no penalty) for 4.55% Any advice? Thanks PW Click to expand... If you will pay no penalty then you would be mad not to switch, why pay more than you have to? Interest rates look like they will be moving further south and you can always go back onto a fixed rate when this happens at better terms
peterwilson said: Hi We're currently on a fixed rate (for 4 1/2 more years) at 5.5%. We can move onto a variable rate (with no penalty) for 4.55% Any advice? Thanks PW Click to expand... If you will pay no penalty then you would be mad not to switch, why pay more than you have to? Interest rates look like they will be moving further south and you can always go back onto a fixed rate when this happens at better terms
