What are the fastest and least painful ways of paying off your mortgage? Should you overpay, if you can? Or should you use any extra money to invest instead? What about switching - how much can it save you, really? These are the types of questions we're putting to Cian Carolan, financial planner and managing director of DNG Financial Services. In this episode we discuss affordability and why it's crucial to consider motivations and wider financial planning before calling your lender. Cian also explains fixed and variable mortgage rates, how much they are expected to increase this year and options like split rates where you you fix on a portion of the loan but pay variable on the other. This episode is more relevant to current mortgage-holders. Those looking to get a home loan for the first time should check out this earlier episode of Better with Money.
This episode is for information purposes only and does not constitute financial advice.
Presented by Aideen Finnegan
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