Like many other people I too have a mortgage. I took one five years ago when I have decided to buy a house. I read in the papers something about the rise of interest rates. That is why I would like to know how interest rates will affect my mortgage. Every advice or just comment is useful. Thank you.
You can search the internet and find a calculator that could help you determine what will happen to your mortgage after the rise of the internet rates. Depends from you type of mortgage the rise will affect it differently. You should speak with a financial adviser about it. That way you will have most accurate information.
