Buyer beware of the break fees associated when you sign up to a 10 year mortgage. In most cases many people find themselves moving or re finiancing within a 10 year time frame (or less) so unless you are absolutely certain that you will stay put for 10 years do the sums and work out the hidden costs should you need to break the term of the load, you could find that you are liable for a considerable about of money if your situation changes..... |
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