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Danske bank tracker mortgage

  • 27-11-2013 12:26pm
    #1
    Registered Users, Registered Users 2 Posts: 23


    Hi,

    I have a tracker mortgage of less than 200k which is interest only. It's due to be paid in full in 2027. The monthly payment is small and falls further next month. It's a good news story for me. If I could pay off the mortgage with a lump sum, could I expect to achieve a write down of the amount owing and by how much?
    I say this considering DB exit from Ireland and the probable increased cost for them to manage/sell my contract.
    And how would I calculate at what point it would make sense?
    Any thoughts welcome
    Thanks


Comments

  • Registered Users, Registered Users 2 Posts: 10,265 ✭✭✭✭Borderfox


    10%

    Just about to do the same with an investment property of mine before selling, all the advice I am getting is its around 10% to settle early.


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