There are a number of websites where you can get free quotes from several lenders competing for your mortgage business. It's the "when banks compete, you win" idea, and it will give you a good sense of what you can expect in a mortgage, even if you don't accept any of the offers. See Sources for a good site that has this service.
2007-01-25 03:12:22
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answer #1
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answered by Anonymous
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It is normally best to see a local mortgage broker. This will offer you the best option for a number of reasons. First, this expert will be able to assess the best type of mortgage for your situation. Then, he will find the best rate with the lowest fees. Not only will he have a number of companies from which to choose, but many of those companies offer lower rates through brokers than they offer directly through their own marketing channels. In other words, you may be quoted a rate by your own bank while your broker may offer an even lower rate through the same bank.
It is probably not best to apply to multiple institutions yourself, as each one of these applications will result in an additional credit inquiry, which may have an adverse effect on your credit scores and result in less attractive terms. The broker will be able to shop for you after obtaining your credit report.
2007-01-25 12:01:37
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answer #2
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answered by Rob D 5
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If you expect your income to go up Get a adjustable to fixed rate mortgage for 30 years, then pay it off in 20.
Use a mortgage amortization calculkator to figure out your monthly expense, dont forget real estate tax and maintenance and insurance.
The smartest idea is to buy a place you can also get income out of like rentaing the garage out
2007-01-25 11:08:27
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answer #3
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answered by god knows and sees else Yahoo 6
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Bradford and Bingley Building Society, fixed rate 6% for life. Repay at any time no penalty. Interest only mortgage will cost you £300pcm. Keeps costs down doing interest only.
2007-01-25 11:19:28
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answer #4
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answered by Anonymous
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Try a federal sponsored mortgage program or a state sponsored program. If you are a first time home buyer, they would be able to help you and give you lower rates than the market average.
2007-01-25 11:07:46
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answer #5
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answered by jpablop 1
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You can apply online at www.surefirefinance.co.uk they get the best rates for good credit and can get mortgages for those with a poor credit history, they should be able to help.
2007-01-25 11:13:53
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answer #6
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answered by Anonymous
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TRy www.moneysupermarket.com to check out different lenders (be sure you have a pop up stopper as the pop up ads are bloody annoying!)
2007-01-26 13:57:45
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answer #7
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answered by Lord Charlemount 3
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With a salary of 13500 a single mortgage dependant on credit history, you will be able to borrow up to £62,000. for further info please don't hesitate to ask me... :)
2007-01-25 11:14:09
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answer #8
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answered by Anonymous
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alliance and leicester very good
2007-01-25 11:07:42
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answer #9
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answered by craigrobinsonn 1
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What is your credit socre?
2007-01-25 11:55:01
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answer #10
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answered by Anonymous
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