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Repayments... Can you handle it?

  • Tom Brooks
  • Apr 5, 2016
  • 1 min read

Getting a mortgage is one thing, being able to live the life you want and afford the repayments is another. Everyone realises that you'll have to spend a little more each week to own the home as to just rent it, but how much more? In this table, you'll find on the left the amount you've got as a mortgage and on the top you'll see the interest rates. While at this moment you'll probably will get close to 4.5%, it's only a matter of time before interest rates rise.. So a little care is not a bad idea. On the other hand; if interest rates rise, rents will follow soon after. And again; a part of your repayments is not money lost: it's actually going into your home; so it's still yours!

 
 
 

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Success! Message received. I'll be in touch! Tom

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