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High Fee / Low Rate? What Should I Pick For My Remortgage? [Property]

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Manage episode 516923757 series 2904139
Content provided by Tej Singh. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tej Singh or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

If rates don’t change and you stay with Kent’s free switches:

  • The 2-year fix wins clearly: more monthly income, same equity outcome, no compounding of fees.
  • The 5-year fix only wins if you value stability and think rates will rise significantly in future.

If, however, rates go up at renewal time — say the 2-year deal jumps from 3.34% to 5.5% later — then over 10 years your total cash flow could drop below the 5-year’s.


Hosted on Acast. See acast.com/privacy for more information.

  continue reading

428 episodes

Artwork
iconShare
 
Manage episode 516923757 series 2904139
Content provided by Tej Singh. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tej Singh or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

If rates don’t change and you stay with Kent’s free switches:

  • The 2-year fix wins clearly: more monthly income, same equity outcome, no compounding of fees.
  • The 5-year fix only wins if you value stability and think rates will rise significantly in future.

If, however, rates go up at renewal time — say the 2-year deal jumps from 3.34% to 5.5% later — then over 10 years your total cash flow could drop below the 5-year’s.


Hosted on Acast. See acast.com/privacy for more information.

  continue reading

428 episodes

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