Problems with mortgages or Remortgages? We are now facing a house mortgage with a payment period of 15 years. Isn’t this too long? The interest rate is kind of high that’s why we took the longer term. The rate will change after 5 years depending on the economy of the country and we are thinking of getting another bank that has a much lower interest rate.
We would really want a remortgage that has a fixed rate and will lasts for 10 years. With this special term we will not be worrying if the interest rate will fluctuate and will be much secured on our part.
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