Mortgage Guide from MLRC

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Saturday 05th of July 2008
 

Mortgage Guide


How remortgaging can save you thousands in the short term, how to go about it, and how to avoid the pitfalls Quite frankly, there's never a good time or a bad time to remortgage. Interest rates are a moving target, and predicting long-term shifts is impossible. Having said that, mortgage interest rates are at an unprecedented low and that trend looks likely to continue in the short to medium term. Consequently, there are many extremely attractive deals in the marketplace as lenders vie for increased business. But a word to the wise: there are pitfalls for the unwary. Hence the reason for this chapter - to help you assess what's on offer and understand the potential hazards so that you make an informed choice. You'll find out how the various mortgage products work, and how the different flavours of 'mortgage' available stack up against traditional loans. Plus, you'll uncover a few more tricks the lenders have up their sleeves to help you part company with your cash. This guide reveals all!


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