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Just curious......... what % interest do you pay on your mortgage?
Ms Sans Serif
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[quote:Pangn:MV8xNzc5MTI1XzI5NzA3MDE2X0VGOUVFMjBF] [quote:Anonymous Coward 10686960:MV8xNzc5MTI1XzI5NTk4NjQ5XzFFNjBBNDQ0] [quote:Anonymous Coward 1493908:MV8xNzc5MTI1XzI5NTk4NTAyX0VGOTgwNjkx] 4.35 fixed 20 yrs [/quote] Wow. We can't even fix ours for longer than 15 years in this country as no bank offers it. To get a fixed 15 year rate here you would pay almost 1.5 percent more than the current variable rate so people here don't tend to do it. Interest rates went to as high as 19% a couple of decades ago. We also can't get long term leases like people in some countries get. It's usually a year or two and so many of my friends have been turfed out after a year in a new rental as the landlord has sold it & the new owners want to move in. [/quote] That's nuts. Ours is 30 years fixed at 5.75% As for the person who says to only buy what you can afford.. that is a great strategy for cars and regular items but a home.. lol my only options were pay in rent what I do in a mortgage, or pay the mortgage. At least with one I end up with something It would likely take the same amount of time for me to come up with the cash to pay for one coupled with rent. [/quote]
For those of you who are paying off a home what is your mortgage interest rate like? Just wanting to get some kind of comparison of Aussie interest rates to those elsewhere.
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