'My tracker mortgage gave me the Rolls Royce of rates'
For teacher Kieran Tummon, the mortgage on his Co Dublin home is his main outgoing each month.
He has a tracker mortgage with AIB for his house in Clontarf, something he has always been very satisfied with.
"I have a good interest rate with them," he explains. "If you mention a tracker mortgage to anyone, it is always the best rate."
The 57-year-old dad-of-two pays out roughly €1,100 a month.
He now has just one more year left of repayments, and says he was never swayed to change anything to do with his mortgage because what he had already was "unbeatable", especially during the economic downturn when the rate was much lower than any others.
"You would have gotten stuff, on emails, like advertisements - but I felt the AIB tracker mortgage was unbeatable, especially during the crisis. It was way lower than the standard rates," he says.
He said he always felt secure with his mortgage, describing it as the "Rolls Royce" of rates.
"It definitely was a lot of security being on a tracker mortgage," he says. "If you were on a tracker, you were lucky!"
However, Kieran points out that it is always good to keep your eyes peeled, and be aware of different rates, to ensure you are always getting the best value, as sometimes people can be reluctant to make a change.
He knows that even small things like changing your electricity provider for a different bundle, or shopping around for car insurance, can make a huge difference to your pocket.