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Alex Payne — Settling Down Without Settling

http://al3x.net/2010/10/07/house.html

by fogus • 16 years ago

8 4 16 years ago

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4

petercooper2• 16 years ago

we locked in a 4.5% fixed interest rate on a 30-year mortgage

Here in the UK, I'd seriously give up one of my gonads for a deal like that. There are almost no fixed deals over 10 years and the only 30 year one I heard of requires 30% down and is about 6%. Instead, we're trudging on with 2 year fixes combined with prayer the interest rates don't skyrocket ;-)

fliph• 16 years ago

Business idea: Have people in the US proxy 4.5% mortgages to UK residents at 4.75%.

jakewalker• 16 years ago

You'd have to pay too much to hedge the currency risk, no doubt.

petercooper2• 16 years ago

Unfortunately Iceland provides 1001 horror stories about doing that sort of thing ;-) (take out "cheap" mortgages in Euro, profit, currency takes a dive, oops..)

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