Can my fixed-rate mortgage payment vary during the term of the loan?

Yes and no. Since you will have a fixed term and fixed interest rate, the principal and interest amounts will not fluctuate. However, you also need to pay insurance and taxes to, which can vary and cause your overall mortgage payment to fluctuate.

Can I make a single payment for my mortgage, or will I have to pay a penalty?

In most cases, you can pay a lump sum without penalty if you have a variable rate. On the other hand, if you have a fixed rate, you might have to pay a penalty. The exact amount of the penalty depends on the lender.

Call 021-4882957 or email info@themortgagearchitect.ie

Name: The Mortgage Architect
Address: Unit 1 Main St, Carrigaline, P43 X298, IE
Telephone: 021-4882957

021-4882957
info@themortgagearchitect.ie
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Registered business address

The Mortgage Architect
Unit 1, Main St,
Carrigaline,
Co. Cork
P43 X298

Phone: 021-4882957

Email: info@themortgagearchitect.ie

Request A Callback

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