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Which type of mortgage loan?

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Old 14-02-2018, 05:56 PM   #1
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Which type of mortgage loan?

Hi All,

I am getting my flat *finally* and looking for a mortgage loan.
Understand there are 3 types of mortgage: Fixed rate, FHR and Sibor.

What will be your recommendation to get and why?

Thanks!!
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Old 14-02-2018, 06:13 PM   #2
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Hi All,

I am getting my flat *finally* and looking for a mortgage loan.
Understand there are 3 types of mortgage: Fixed rate, FHR and Sibor.

What will be your recommendation to get and why?

Thanks!!
fixed rate: if u foresee interest rates will cont to go up
FHR: if u think u can finish paying ur house in the limited period and afriad interest will go up

SIBOR: now is the cheapest, but if you cant pay the flat in full when interest rise above FHR or Fixed, den dont bother.
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Old 14-02-2018, 10:10 PM   #3
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Hi All,

I am getting my flat *finally* and looking for a mortgage loan.
Understand there are 3 types of mortgage: Fixed rate, FHR and Sibor.

What will be your recommendation to get and why?

Thanks!!
Fixed: You're taking a bet that interest rates will go up within the next 2-3 years.
Floating: You're taking a bet that interest rates will not go up within the next 2-3 years.

End of the day, you gotta ask yourself, which will allow you to sleep peacefully at night?
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Old 15-02-2018, 09:57 AM   #4
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Fixed: You're taking a bet that interest rates will go up within the next 2-3 years.
Floating: You're taking a bet that interest rates will not go up within the next 2-3 years.

End of the day, you gotta ask yourself, which will allow you to sleep peacefully at night?
Banks know that many want to have a peaceful sleep, sure choose fixed rate. So over the years they know that this Floating rate will never hit the Fixed rate that they set.
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