Quote:
Originally Posted by CroFlames
OK so does it make sense to start making lump sum payments now while I'm locked in for about 3 more years at a really low rate, or do I just enjoy this low interest holiday until I get bent over in 3 years?
Then start making lump payments when rates are high?
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Start making lump payments now while it's low and you'll thank yourself in three years when a bunch of people are panic selling because they enjoyed their low interest holiday too much.
If it's your long term family home then definitely I would. You're not going anywhere, it's the lowest risk move, you can secure the future of your family/yourself and not have to sweat out every time Tiff gets out there. You could try and get cute but that comes with a lot of risk and I think we'll start to see and hear the people that got too cute have to make some tough choices soon here.