My offer to purchase a yet-to-be constructed house has been accepted by the builder. The construction will only be ready in 6 months later.
My bank is asking me if I would like to lock the rate at 4.25 percent by paying a premium fee of 1.25 percent of the total cost of house vs 0.25 percent interest rise or let it float.
I was hoping to get some advice based on the current climate. I am a first time home buyer
Thanks
My bank is asking me if I would like to lock the rate at 4.25 percent by paying a premium fee of 1.25 percent of the total cost of house vs 0.25 percent interest rise or let it float.
I was hoping to get some advice based on the current climate. I am a first time home buyer
Thanks
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