mortgage relief
My mortgage is split into a (very) large chunk fixed for a long period, and a small chunk fixed for shorter periods, in order to have the ability to make lump payments when I refix it. Through the unpredictabilities of life, this 'clever' move ended up being a bit of a liability, and the last rate I fixed that one for was 9.8%. OUCH, that stung when I did that, but it was better than letting it float, which was over 10%.
I locked in a very good rate for the big chunk last week, as I reported. The small chunk came off of its fixed term Friday, and dropped 3.5 percentage points, which is massive. My how the world has changed in a relatively short amount of time...
I locked in a very good rate for the big chunk last week, as I reported. The small chunk came off of its fixed term Friday, and dropped 3.5 percentage points, which is massive. My how the world has changed in a relatively short amount of time...