Search results

Joanap’s comparison is the cleanest starting point, with Mateo’s caveat added. I’d build two versions: one where the mortgage is refinanced after 3 years and another where it continues at the lender’s reset rate. Then compare fees, monthly affordability, cumulative payments and the balance...

What loan-to-value tier are you actually in, and is the arrangement fee payable upfront or added to the mortgage? If it is financed, you are paying interest on it as well. I’d also ask each lender for the same loan amount and repayment schedule; otherwise the monthly figures can look comparable...