It is a fact that if youve had a mortgage for a few years, youre likely to be paying more than you need to. Remaining loyal to your mortgage provider doesnt get you any rewards. Their outstanding offers are reserved for their new customers.
Many people could cut their mortgage repayments by 33% by simply re-mortgaging their home.
Check out some of the advertisements in the weekend newspapers, look on the internet, even phone your current lender and ask what up to date mortgages are on offer and youre likely to be surprised at the savings which could be made by shopping around.
Lenders are in competition to attract new customers and are anxious to attract new borrowers by offering lower and lower interest rates. The more recently established lenders are working hard to gain their share of business. They are fully aware that, having arranged their mortgage, most people will settle down to paying the same amount every month and unless they decide to move to another home, wont even think about the interest rate which theyre paying.
By making certain that you are getting the best mortgage deal available, you can make big savings. In the life of the...
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