Interest rates on new mortgage 2026
Guys what do think ?
Got loan offer today from 2 banks , no extras like 1-2 % backpay etc
Aib 24 yrs term with 3 yrs locked at 3.20 Interest and 3.96 APRC , overpayment allowed per year on locked 5k per year without penalties , repayment 2488 per month , planning to use overpayment
BOI 25 yrs term , first 4 yrs locked at 3.1% Interest APRC 3.9 overpayment allowance 10% of monthly repayment(2395) , per year total 2856
Both banks go to 4.15 % interest after locked term but can lock again , green mortgage ber a1
What your advice ?
Is BOI used extra year to lure me in to them ? Ie 25 yrs term vs aib 24 ? But is more expensive
What do you think about my overpayment plan is it worth it ?
Who you Would go with if in my position?
What are your interest rate prediction for 3-4 yrs from now ?
Thank you for sharing your point of view , much appropriate