SHOULD WE SWITCH OUR MORTGAGE ?
Q. Being fortunate enough to have secured our mortgage 16 years ago, our original loan is now down to € 135,000 – c. 40% of the value of the home. We only have 14 years to go and while our mortgage interest rate is 3.6%, is it really worth our while switching ? It currently costs us € 1,024.19 per month. We are both aged 46 with three children under 10 years of age. Thanks for the advice and love the column. Lisa – Drimnagh, Dublin 12