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Correct. 5 year fixed term mortgages are common to UK/Canada/NZ/Australia. Not that interest is as significant in the United States considering it can be deduc
by digianarchist 5y ago
Correct. 5 year fixed term mortgages are common to UK/Canada/NZ/Australia.
Not that interest is as significant in the United States considering it can be deducted from your taxes.
- wastedhours 5y agoYou also tend to pay for the privilege of a 5 year fix (as a first time buyer) - about a 0.4% increase for a 5 year vs a 2 year for us.