Whitey
Active Member
Guys
Just going through the process of renewing our mortgage.
Just wanted to get a general feeling ( without too many figures ) of what you would do.
I was planning to take out a 3 year fix at 2.49% but the application went awry.
Current options are now fix for 2 or 5 years or should I take a calculated gamble and go Tracker ?
My gut feeling is still to fix. But if I went tracker and rates rise gradually I would stand to save some money and have the ability to pay lump sums off ( not that there will be any big ones ).
Thanks
Chris
Just going through the process of renewing our mortgage.
Just wanted to get a general feeling ( without too many figures ) of what you would do.
I was planning to take out a 3 year fix at 2.49% but the application went awry.
Current options are now fix for 2 or 5 years or should I take a calculated gamble and go Tracker ?
My gut feeling is still to fix. But if I went tracker and rates rise gradually I would stand to save some money and have the ability to pay lump sums off ( not that there will be any big ones ).
Thanks
Chris