How do the results in this video compare with your own monthly mortgage repayments? Have you felt the squeeze of rising interest rates yet? Let me know!
Well done Dan! It would be useful to make a dedicated video about fixed-rate and variable-rate mortgages so people can make better decisions in this complicated period! thanks
Dan quick one for you. Obviously the the increase only effects people on a tracker, Do the banks employees play down the effects of a tracker knowing that over the 30 year period the likely fact is that the rates have to increase. Hence making the bank more money. Or would they openly offer a fixed rate straight away Thanks for the information
Hey Sean! I wouldn’t say they play it down. We’re very much past the days of 06/07 where banks were actively shafting people. Most people would opt for a fixed period in times like this and a variable rate when the economy is being stimulated. The banks would likely reiterate this as well
Hey, this is a fantastic tutorial. You mentioned about variable interest rate, e.g. if during the 30 years interest rate increases or decreases in certain month, how to recalculate/adjust? which formula can you use? e.g. if on the 5th month interest rate goes up by 1%, but on the 10th month interest rate goes down by 0.5% and so on? is there an easier formula to use?
How do the results in this video compare with your own monthly mortgage repayments? Have you felt the squeeze of rising interest rates yet? Let me know!
What is the comon inrest rate in ireland mortgage?
Brilliant explanation. Please keep going.
Thank you
Cheers Alexander!
Great video, as usual!
Cheers Pablo
Well done Dan! It would be useful to make a dedicated video about fixed-rate and variable-rate mortgages so people can make better decisions in this complicated period! thanks
Thanks for the suggestion Carlo
Great video! I don’t have a mortgage yet and don’t want one for a while 😅
Thanks Mike, similar situation as myself! Ideally want to stay debt free as long as possible
Hi, off topic - but any plans to make a "How to Pass" video for CAP2? Similar to your FAE video? thanks
Hey there! No plans at the moment. Maybe in the future
Dan quick one for you.
Obviously the the increase only effects people on a tracker,
Do the banks employees play down the effects of a tracker knowing that over the 30 year period the likely fact is that the rates have to increase.
Hence making the bank more money.
Or would they openly offer a fixed rate straight away
Thanks for the information
Hey Sean! I wouldn’t say they play it down. We’re very much past the days of 06/07 where banks were actively shafting people. Most people would opt for a fixed period in times like this and a variable rate when the economy is being stimulated. The banks would likely reiterate this as well
Hey, this is a fantastic tutorial. You mentioned about variable interest rate, e.g. if during the 30 years interest rate increases or decreases in certain month, how to recalculate/adjust? which formula can you use? e.g. if on the 5th month interest rate goes up by 1%, but on the 10th month interest rate goes down by 0.5% and so on? is there an easier formula to use?
Hey Dan, could you please do a video on how to pay off your mortgage earlier to avoid so much interest?