There Are Still Good Mortgage And Remortgage Deals Available
There Are Still Good Mortgage And Remortgage Deals Available
Some people are of the belief that there are no secured loans, mortgages and remortgages available for them.Even in television series, the characters have been heard saying to each other that there is no point applying for a much needed remortgage at the moment, as they do not exist any more.This is indeed far from true, as mortgages, remortgages and secured loans are still available and it would help the economy and the struggling lenders and brokers if the general public realized this, as we must remember that prudent borrowing and sensible lending is a vital component of a healthy economic climate.Mortgage applications have been very much in the decline, and as a mortgage is the loan needed to buy property it means that the housing market is also in an ailing state. new houses have been declining.The sale of brand new homes is now half what it was three years ago which has forced thousands of building workers onto the scrap heap of redundancy which is not a very nice place to be. Some will be still be unemoployed ages from now. These are of course not the only sector unable to find employment, as there are two and a half million people out of wotk and this number is rising all the time.There are those who are afraid of their job security., although, as already stated, a main factor is that so many think mortgages like remortgages and secured loans are not there in the market. , There are good mortgage deals available and in fact this is a good time to take the plunge and apply for one, as there is a strong possibility that interest rates may rise soon, and applying for a low rate fixed rate at the moment means that for the next few years at least your rate will be reasonable and you will also know exactly what your repayments are for a set time of up to five years.Remortgages are the very same as mortgages and with good rates available at present this is a good time to consider remortgaging either to obtain a better rate of interest or to raise extra money for any number of reasons like a car, a holiday, a home extension or debt consolidation that saves a lot of money each month. There are also plenty of secured loans available.9% APR which like remortgages makes them cheap methods of paying for most thingsTherefore people should wake up to the fact that these three loans still exist and should apply for them while the going is good.