From a BBC article today...
'Ways to make your mortgage more affordable...
1. Make overpayments. If you still have some time on a low fixed-rate deal, you might be able to pay more now to save later.
2. Move to an interest-only mortgage. It can keep your monthly payments affordable although you won't be paying off the debt accrued when purchasing your house.
3. Extend the life of your mortgage. The typical mortgage term is 25 years, but 30 and even 40-year terms are now available.'
A reminder not to go anywhere near the MSM for financial advice. They're not your friends.
Andy Scott
npub1l4…ytqfa
2024-10-03 18:35:38
Author Public Key
npub1l4kaxnm7798jjlk3qjy0u768rra8x8y8n5e426yn98zj0kf4pgtq7ytqfaPublished at
2024-10-03 18:35:38Event JSON
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"content": "From a BBC article today...\n\n'Ways to make your mortgage more affordable...\n1. Make overpayments. If you still have some time on a low fixed-rate deal, you might be able to pay more now to save later.\n2. Move to an interest-only mortgage. It can keep your monthly payments affordable although you won't be paying off the debt accrued when purchasing your house.\n3. Extend the life of your mortgage. The typical mortgage term is 25 years, but 30 and even 40-year terms are now available.'\n\nA reminder not to go anywhere near the MSM for financial advice. They're not your friends. \n\n",
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