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Should I go for a fixed rate or tracker

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shirleybrace2003 Joined: 21 Jun 2011 Posts: 1 1.27 Dollars($)	Posted: Tue Jun 21, 2011 10:57 pm    Post subject: Should I go for a fixed rate or tracker Like 0 Dislike 0 current mortgage at fixed rate in expired this month my motgage company will do a) automatic tracker at 0.95 =BBR 0.5 = 1.45 b) 2year fixed at 2.79 c)5yr fixed at 3.99 what should I go for I am happy with the company and would like to remain with them
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Wed Jun 22, 2011 12:08 am    Post subject: Like 0 Dislike 0 Hi shirleybrace, If you're plaining to stay in the property for a long period of time, then you should go for 5yr fixed at 3.99%. Your mortgage rates will be fixed for a period of 5 years in this case. Thanks

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