Why Choose a Long-Term Fixed Rate Mortgage? One of the primary advantages of a long-term fixed rate is budgeting certainty. With your interest rate locked for 10+ years, you know exactly what your monthly mortgage payments will be during that time frame. This makes it much easier to plan your finances long-term without ANY surprises […]
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Should I Get A Fixed Or Variable Rate Mortgage?
What Is a Fixed Rate Mortgage? A fixed rate mortgage locks your interest rate for the entire term of your agreement. Whether it’s for 2, 3, 5, or even 10 years, the interest rate you agree to when you sign remains the SAME. Some deals may even offer fixed rates for the life of your […]
What You Should Know About Changing A Fixed Rate Mortgage
Can I Change or Switch a Fixed Rate Mortgage? Yes, you can switch a fixed rate mortgage before it ends. If you find a better deal with lower rates, you might save money by switching. But, watch out for extra costs. Some banks charge you a fee for leaving your deal early. This is called […]
A Guide To Selling Your House During a Fixed Mortgage Term
Can I Sell My House If I Have a Fixed Rate Mortgage? Yes, you can, but let’s look at what that means. A fixed rate mortgage locks your interest rate for a set period. This could be anywhere from two to ten years. This setup means your monthly payments stay the same, making budgeting easier. […]
How Soon Can You Remortgage After A Fixed Deal?
What Happens When My Fixed-Rate Mortgage Ends? Once your fixed-rate mortgage ends, your payment plan becomes unpredictable. In most cases, if you don’t take any action, your lender will automatically switch your mortgage to their Standard Variable Rate (SVR). This rate is generally HIGHER than the fixed rates you enjoyed during the initial term. And […]
A Complete Guide To Fixed Rate Mortgages
What is a Fixed Rate Mortgage? A fixed rate mortgage is a type of mortgage where the interest rate remains constant for an agreed period, typically between 2-10 years. With a fixed rate deal, your monthly repayments stay the SAME for the duration of the fixed term, regardless of whether interest rates rise or fall. […]
