Clearing the confusion behind tracker mortgages. We explain what you need to know in this quick video

What is a tracker mortgage?

30/8/2018

This is a Personal Finance Friday question from several of our Financial Planning clients.

A tracker mortgage (or tracker variable rate mortgage) is a mortgage where the interest rate is tied to a tracked rate, such as the E.C.B. rate plus a set amount.

If the E.C.B rate is 2%, and your set amount is +1%, you’ll pay 3% interest on your mortgage. Simple!

*This is an early video for us. Our video skills and equipment improve with time, please be forgiving. We offer financial planning and education, the media stuff is a work in progress.

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Money Boot Camp Ltd.
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Money Boot Camp Ltd. is a Financial Planning and Financial Education company based in Ireland, Europe, providing Personal Financial Planning, Financial Planning, Financial Health Checks, Wealth Planning, Financial Education, Education in Personal Finance, Financial Coaching and focusses on teaching people in their 20s, 30s, 40s, and the retired how to develop good money habits, lower spending, develop frugality, increase income, negotiate salary, start investing, how to invest, learn about investing, get out of debt, pay debt, pay off debt, how to get a mortgage, buy a house, how to buy a house, setting up an emergency fund, what an emergency fund us, how to save, how to save more, how to increase savings, saving essentials, setting up a will, estate planning, insurance planning, what insurance is necessary, death in service benefit, pension benefits, taking work benefits, setting up a pension, the benefits of a pension, tax benefits of a pension, tax planning, tax efficiency. Money Boot Camp Ltd. provides these services online and in-person mostly based with clients in Ireland; within the Dublin, Dublin City, County Dublin, Kildare, Meath, Wicklow region, Leinster, Ulster, Connacht, Munster, Lucan, Celbridge, Maynooth, Kilcock, Leixlip, Dunboyne, Cork City, Limerick City, Waterford, Kilkenny, Galway City, Galway, Athlone, Mullingar, Portlaoise, Thurles, Mullingar, Louth, Drogheda, Belfast, Belfast City, County Down, Donegal, Country Donegal, Sligo, and all areas of Ireland not listed. The financial planning process is a location independent service and although can be performed in person, it can also be performed over phone, email, skype, and other call and video call services. Money Boot Camp Ltd. provides non-product based financial advice, referring out to product providers if necessary.

Financial Literacy
Financial Planning & Education When It Matters
Learn Money. Live Better

What is a tracker mortgage?

Financial literacy leads to reduced stress, better decision making and the ability to plan to meet your personal goals.

Articles here will be a mix of posts to help specific financial planning clients and address questions asked by readers or groups at the education talks and seminars.

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Financial LiteracyFinancial Planning & Education When It MattersLearn Money. Live Better

What is a tracker mortgage?

Financial literacy leads to reduced stress, better decision making and the ability to plan to meet your personal goals.Articles here will be a mix of posts to help specific financial planning clients and address questions asked by readers or groups at the education talks and seminars.

Archives

Categories

Financial Literacy
Financial Planning & Education When It Matters
Learn Money. Live Better

Financial literacy leads to reduced stress, better decision making and the ability to plan to meet your personal goals.

Articles here will be a mix of posts to help specific financial planning clients and address questions asked by readers or groups at the education talks and seminars.