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hugo7
who22
Question on mortgage term lengths if anyone's already worked through this recently.
We're very far in the buying process. But it's still possible to change a 2-year into a 5-year mortgage at a slightly higher rate (original quote, in July, was 0.5% more - I suspect it'll be higher now if they need to re-write the terms though).
At 0.5% higher I'd spend about 2k more over the first two years. But I think it's possible that rates will jump to a point where I'd eat that 2k savings (and then some) in the following 3.
Anything else I'm not considering?