http://www.discoverdebtfreedom.com/2008/06/22/compare-and-save-when-refinancing-your-mortage/ Get Out of Debt and into Wealth Thu, 29 Dec 2011 07:28:55 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.discoverdebtfreedom.com/2008/06/22/compare-and-save-when-refinancing-your-mortage/comment-page-1/#comment-4033 Commercial Property Tue, 18 May 2010 12:38:18 +0000 http://www.discoverdebtfreedom.com/?p=169#comment-4033 I am in the process of remortgaging my house in the UK. Yesterday I got a quote from the broker on a remortgage of £179,000. The quote I got was £140 more expensive than my monthly budget allows but on paper it seems a good enough deal. It is a 25 year mortgage which is fixed at 5.69% for 5 years meaning a monthly payment £850.00. At the end of the period, the mortgage will revert back to the SVR and the monthly payment will be£523.52. At the moment I am on a variable tracker mortgage (which was previously a fixed 3 year deal at £1048.pp per month) for which I pay £450.00 and it is 2% above the Bank of England rate. So, with that in mind is it a good deal, and should I take up this offer? I am in the process of remortgaging my house in the UK. Yesterday I got a quote from the broker on a remortgage of £179,000. The quote I got was £140 more expensive than my monthly budget allows but on paper it seems a good enough deal. It is a 25 year mortgage which is fixed at 5.69% for 5 years meaning a monthly payment £850.00. At the end of the period, the mortgage will revert back to the SVR and the monthly payment will be£523.52. At the moment I am on a variable tracker mortgage (which was previously a fixed 3 year deal at £1048.pp per month) for which I pay £450.00 and it is 2% above the Bank of England rate. So, with that in mind is it a good deal, and should I take up this offer?

]]>