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Posted: Sun 0:05, 13 Oct 2013 Post subject: louboutin pas cher Fixed Rate Mortgages – Know You |
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Nothing is ever certain in the world of finances, and there?s no way of predicting how the market will [url=http://www.rtnagel.com/louboutin.php]louboutin pas cher[/url] change in the future. However, if you want to be able to plan your budget precisely, then a fixed rate mortgage might be the right option. The repayments will be fixed for a set period of time ? usually between the first one and five years of your mortgage, so you can be sure that any rises in the interest rate will not affect you. The term the rate remains fixed can be as long as ten years.
Fixed rate ? the pros
For those on a tight budget, it can be useful to know exactly what will need to be set aside each month for mortgage repayments. Also, it can be a good move to fix your rate when the economy looks like it?s about [url=http://www.mquin.com/gzparis.php]giuseppe zanotti pas cher[/url] to change and interest rates rise. [url=http://www.louboumaterialistanyc.com]louboutin[/url] If, from studying the market, you anticipate that rates are [url=http://www.rtnagel.com/airjordan.php]jordan pas cher[/url] set to rise in the near future, then taking [url=http://www.jordanpascherofficiele.com]air jordan pas cher[/url] a fixed rate now could mean you will [url=http://www.mxitcms.com/abercrombie/]abercrombie[/url] save money over the next few years. Even if the Base Rate set by the Bank of England rises, you will be protected, at least for the term that your payments are fixed.
Fixed rate ? the cons
If the market changes and interest rates [url=http://www.mquin.com/gzparis.php]giuseppe zanotti sneakers[/url] fall, you could lose out on a reduction in rates. Fixed rate mortgages are often set at slightly higher rates than the cheapest deals. Be aware of redemption penalties and clauses that tie you to your [url=http://www.achbanker.com/hollister.php]hollister france[/url] mortgage ? these can last much longer than the fixed rate period and you may find it prohibitively expensive if you want to change [url=http://www.mnfruit.com/louboutinpascher.php]louboutin pas cher[/url] lenders or pay off your mortgage.
Thousands of people spend a lot of time studying the economy, and even the financial [url=http://www.mxitcms.com/abercrombie/]abercrombie milano[/url] experts who predict market conditions often get it wrong. It?s impossible to foresee how interest rates will change ? although you may be able to apply common sense [url=http://www.thehygienerevolution.com/barbourparis.php]barbour paris[/url] to a certain degree, there is no guarantee that a fixed rate mortgage will beat the SVR five years down the line. Ultimately, you [url=http://www.sandvikfw.net/shopuk.php]hollister outlet sale[/url] have to make the best decision you can based on the situation as it stands.
You should also check to see if the fixed rate mortgage is portable ? this means that if you want to sell up and move house during the tie-in period, you can transfer the mortgage to your new property without incurring any penalties.
Joe Kenny writes for the UK Loans Store where you will find information and reviews of the latest and offer more information on and other loan topics available on site.
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