Posted on February 21, 2010.
Would you go for a 3 or 5 year fixed rate mortgage? I heard the news that the United Kingdom, it was better to take a year 5 Fixed-rate mortgage as interest rates go up and protect yourself in 5 years to some extent. However, I was offered a good deal on a 3-year fixed rate. Suggestions?
Only you can decide that each person is different.
Billy said, if a 30 year fixed is available, jump on that if you intend to pay for the house now. ensure the future of much higher due to the massive amount of government recovery action and there are major concerns about future inflation fears - you could get caught in a very bad situation in 3 -5. I do not recommend a variable rate mortgage in over 2.5yrs
Go for 5 years .. Why if things get tight, you can still make payments, even if you can pay more to do. You can always pay in 3 years only by making additional payments made to the direction .. OK?
niether you kidding??
with rates as it would go with a 30 or a fix for 40 years.
