6 x Top Tips to paying off your mortgage more quickly..
6 x Top Tips to paying off your mortgage more quickly..
As well as the peace of mind of owning your home outright, paying off your mortgage more quickly can make sound financial sense by saving you thousands of pounds in interest payments to the lender.
Over the next few weeks we’ll publish tips to help you achieve this.
Tip 3
Stay informed: Once you get a mortgage, aside from making the payments, it’s easy to forget about it altogether. But staying up-to-date on interest rates and new products could save you a lot of money. Understanding the restrictions upfront (overpayment facilities and early repayment penalties etc.) may guide you to source an alternative product that better suits your needs. For example, with the certainty of the base rate increasing at some point in the future you may want to switch from your current tracker to a fixed-rate mortgage, or a switch and save option that allows you to convert from a tracker to a fixed without incurring any penalty charges.
NB Is your mortgage flexible or do you have unnecessary restrictions? Call us now for a free review. Your Mortgage Insight Broker can tailor a mortgage to suit your needs.
June 29, 2011This entry was posted in News. Bookmark the permalink.
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