GETTING A MORTGAGE
- Mortgage basics
- Mortgage types
- How choose a mortgage?
- Mortgage Loans
- Mortgage Refinancing
- Mortgage tips
- Mortgage insurance
- Remortgage
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GETTING A MORTGAGEComparing DealsThe range of deals on offer - variable, capped, discount and fixed rates, One accounts – can be confusing at first. The first thing to look at is the interest rate on the mortgage. Obviously, the lower the rate, the less you pay. But be warned: deals that scream a very low initial interest rate may in fact lock you in to a much higher rate later on, or might force you to pay heavy penalties for switching to a better scheme. Or they may demand you pay for costly insurance policies. The best deals offer a good interest rate, the freedom to move to a different mortgage or different lender when you want, and low set-up costs.
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