This video explains how rising interest rates affect mortgage repayments. We go through an example of a 30 year mortgage of €400,000 held at three different interest rates: 3%, 4% and 5%. We highlight the total interest paid over the lifetime of the loan and how the results differ for different interest rates. We also explain how interest and principal payments change over the loan period and which mortgages are/aren't affected by rising interest rates.
*Malone Financial is affiliated with the aforementioned companies. Malone Financial receives a commission for any customer conversions realized via the affiliate links. This video includes my own opinions (which do not reflect the opinions of said companies). Investing involves a risk of loss. Nothing mentioned in this video should be construed as financial advice.
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