Monday, November 12, 2007

Mortgage Time

I make more than 2/3 of my money writing posts on finance and mortgages in the UK and the USA. However, Feb 2007 it is time for us to resign our mortgage. We are considering whether to sign on Dec 4, before the Monetary committee meets. The big question "Will they increase the interest rate?"

Everyone today is looking for cheap mortgages . It doesn't matter which country you are in, the difference between a well thought out, cheap mortgage, and being forced to take whatever you can when it is time to sell, can be the difference between being comfortable for another few years and losing the house.

The biggest range is found among the adverse credit remortgages market. We have been working for about 5 months now to lift our credit rating so we can receive a lower interest rate.

Knowledge is the key to saving money. The secret is to start shopping around for a mortgage - early.

No comments: