506 buying your next place, refinancing when self employed, securing mortgages over 40 + more
this is property
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Are There Any Benefits to Keeping a Loan Open?
Some people say look i want to pay this home off in 15 years and we've got let's great let's set the repayment for 15 years. You might not want to restrict yourself with a 15 year loan term you still might want 30 years so again comes down to your cash flow situation at the time what you can handle. We probably didn't foresee nine rate rises in nine months or 12 months whatever it was however we knew that the rates were going to go up. Just make sure we've always got our our buffers up our sleeve around for seeing now but just have your eyes wide open to know okay inflation's at 7.8% unemployment rates at three and a half or four percent
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