Remortgage – Isn’t It Time You Got A Better Deal?
If you have had your mortgage for some time, then it could be a good idea to get it out and look at it real good. Why? Simply because you may be able to get a much better deal. With interest rates changing every day, new loan options, and increasing equity on your house, means that many factors may now mean that you could reduce your mortgage payments each month, or more. Here is how you can determine if a better deal is possible for you.
Decide On Future Plans
Remortgaging your house may not be for everyone. This is especially true if you are thinking of moving in less than three years – or even five. The main reason for this is the cost of refinancing your mortgage. There will be some closing costs involved, so it will take you anywhere between one and three years to get this money back in order to break even. But if you are planning on staying more than that, you should do some serious thinking about a remortgage.
Check The Current Rate For Mortgages
The interest rates that are available for mortgages change every day – sometimes even more often than that. The...
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