Mortgages are not just about the interest rate!!
 A lot of people focus on the interest rate but do not think of the other fees that may apply. A mortgage has an average life of 3 years and with some banks there is a penalty to pay out a loan early.
Some lenders have other costs associated with a loan, they could be shown as an annual or monthly fee, or there may be a cost associated with fixing a rate or making a payment off the loan. The true interest rate is not always what is advertised.
There are a number of factors we take into account when we recommend a loan to a client:
- The overall mortgage plan needs to be taken into account.
- Do you have a financial plan to reduce the interest you pay over the life of the mortgage?
There are a lot of things that you can do that a lot of lenders do not tell you.
To learn more complete the Free Financial Health Check form or Contact Us and ask for advice about your mortgage.
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