subject: The Importance of Looking to the Future with Mortgages [print this page] The Importance of Looking to the Future with Mortgages
The key to getting a good deal on a remortgage or a first mortgage is to speak to a mortgage adviser who offers whole of market mortgage advice. However, many people overlook this option. Why? Because they feel they can do what a mortgage broker does and in doing so save money. However, the long term truth is this could well cost more money. Why? Because a mortgage adviser takes into consideration the future as well as the present.
Mortgage Planning Advice
The job of a mortgage planner is to look at the mortgage deal on offer as whole and consider current and future needs. Will this mortgage work for you going into the future? If you are planning to start a family, how will you meet the repayments if you switch to one wage? Perhaps you are going into retirement, in which case serious consideration needs to be given to how you will manage the repayments once your salary switches to a pension. Or maybe you are planning to move home again in the not too distant future? If so, it may not be such a good idea to be locked into a long term deal just because it's offering a good rate here and now as it could cost you dearly to get out of it.
You may think you can go it alone when planning your mortgage. However, taking advantage of the services of a mortgage broker now could seriously save you money in the future.
Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.
