mortgage Directory

mortgage Articles

WRITERS WANTED! (click-me)

Feature Article:

More Bang for Your Buck With Mortgages
More Bang for Your Buck with Mortgages by Elaine VonCannon Choosing a knowledgeable mortgage lender can make a difference in the quality of home you are able to purchase with your finances. I prefer to recommend a mortgage broker to my clients,...
...Read More



Benefits of a Remortgage

www.bigmailnow.com       Navigation

There are many benefits in choosing a remortgage, some of which are listed below:

•A remortgage is changing your mortgage without moving your home.

•Remortgaging is the process of switching your mortgage to another lender that is offering a better deal than your current lender thereby saving money.

•A remortgage can also be used to raise additional finances by releasing equity in your property.

•When you remortgage you are ending your old mortgage deal and switching to a new one. This normally involves switching your lender although you can sometimes change deals with your current provider. If you do remortgage with your current lender it normally involves changing your existing deal.

•You can borrow from £25,000 up to £500,000. Rates are variable, depending on status.

•Remortgaging can allow you to get a better rate of interest and reduce your monthly mortgage payments.

•A remortgage allows you to consolidate existing loans to one manageable monthly payment or raise money to buy a new car or home improvements.

Homeowners who want to raise money for home improvements, buying a car or other purposes often find that a remortgage to raise the money is cheaper than taking out a personal loan or using credit cards. This is because interest rates on mortgages are amongst the lowest of all the different types of loans.
Homeowners may wish to raise money to consolidate other debts. By taking advantage of remortgaging your property you could transfer several debts into one more easily manageable remortgage.
This means you can replace credit card bills, personal loans and other loans with one lower interest rate remortgage and spread lower payments over a longer period.
It is important to note that there are costs attached to remortgaging such as redemption penalties. These need to be taken into account when you are considering a remortgage. It is however worth bearing in mind that often the benefits of remortgaging can outweigh the costs involved.

You may freely reprint this article provided the author's biography remains intact:

About the Author

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.


More Reading:

Do You Know the Pros and Cons of Interest Only Mortgage

When Youre a Mortgage Payment Behind an FHA Loan Can be One Solution

Credit Problems With A Subprime Mortgage Lender Poor Credit Is Not A Problem

Mortgage Effective Household Investment For Financial Autonomy

The Worst Way to Shop for a Home Mortgage

How Much is to Much for Mortgage Closing Costs

mortgage Home

mortgage Directory

Additional Reading

Internet and Mortgage Calculations
"You've been approved!" The words you have always wanted to hear when you filled out the home loan application. It swirls through your mind the opportunities and memories you will cherish in your new home. Before you even start shopping for...
...Read More

Are You Ready For A Home Mortgage Loan?
Buying a Home and Committing to a Mortgage can be very scary! A home mortgage loan is the largest debt that most Americans will take on in their life time. As such, making the decision to take out a mortgage is not one that most first time home...
...Read More

Easy ways to get Loans, Leases and Mortgages
There's an old saying "a bank won't lend you money if you really need it," and it's really almost completely true. Banks prefer to lend money or extend credit to people who already have lots of money, and carry the top credit cards. If you've got...
...Read More



Internet Search for: mortgages, mortgage, remortgage

[an error occurred while processing this directive]



Copyright    www.bigmailnow.com