I’m about to renew my mortgage and am looking into various options. Given the current economic climate and the fact that interest rates have been incredibly low over the past year or so, I’m wondering whether a fixed-rate mortgage option is better than a tracker rate. Fixed-rates are higher but will protect me from any rate increase… however tracker rates being lower, it would take several rate increases for them to become less compelling than a fixed rate… Any advise?
Posts Tagged ‘year fixed mortgage’
Is a fixed-rate mortgage better than a tracker rate in the current economic climate?
Saturday, January 16th, 2010My two year fixed rate mortgage with Halifax ends in February 2010 – when should i be looking into new deals?
Wednesday, December 9th, 2009This is my first mortgage and i am now unsure how to proceed…i think when i took it out the mortgage adviser said to start looking into new deals 6 months before it ends. Is this true or will the bank send me information? Thankyou for your help.
Can mortgage lender take it upon themselves to pay your property taxes?
Friday, November 27th, 2009If you don’t have an escrow account and you are 6 months behind on your property tax payment, by law you have 5 years before the tax collector could foreclose for taxes due, but can the mortgage company step in and pay the amount and charge for past due and one year in advance raising your mortgage payment a lot.
It is illegal for a bank to change raise my FIXED mortgage rate?
Monday, November 2nd, 2009Recently the bank that my mortgage loan is through went bankrupt. My mortgage loan was transferred to Bank of America. Initially, i had a 30 year fixed mortgage rate and now B.O.A is saying that my payments are almost 500$ more than they initially were. Is this illegal for the bank to do this?
can you change mortgage lender if you are unemployed?
Friday, October 30th, 2009I have been registered disabled since 2001 my husband is my full time carer, we recieve the normal regular benefits. The mortgage we have was a fixed rate, last year this expired. Would we be able to do anything about it as the rates are now lower than when we took the mortgage out.
the benefits are disability living allowance, incapacity benefit, carers allowance and income support