If you ask most people who have mortgages and re-mortgages that have gone bad they will tell you that the mistake they made was to buy a property before they consulted an expert. The property market is complicated; you have to deal with all the lenders that are trying to get your attention, you have to examine interest rates, you have to figure out what kind of mortgage you can afford and you even have to decide where you want your property to be located. All this is too much for the average person – for them to make the right choices they need the guidance of an expert such as Mortgage Advice Services.
MAS has been in the mortgaging and remortgaging business for many years. Their consultants have proper knowledge on lenders, interest rates, the property market and all other facets of mortgaging and remortgaging. Once you hire them they will help you decide which route is best for you. Here is what they will do for you:
• The first thing they look at is your finances as they are at the moment: how much income you bring in, how much debt you have, what your expenses are every month and so on. This will help determine the kind of mortgage or re-mortgage you should be looking at.
• MAS is in touch with all lenders and they know what there is to like and not to like for each of them. They will help you narrow down your list so that you can choose one that you are comfortable with.
• MAS is very knowledgeable when it comes to interest rates and on homes. They know when one should take a fixed or variable rate loan and they also know the trends in the property market. Remember, getting the right kind of interest rate is very important – a wrong one could see you paying tens of thousands of pounds more than you should.
• In case you are remortgaging to pay off debt MAS will help you get there by offering you advice on what you can do to pay off your debts faster.
• They also look at your particular circumstances so as to determine what kind of loan is best for you. In other words they tailor solutions to fit their clients. If, for instance, you have to take care of an elderly loved ones in a few years to come you may not have as much income to pay off a loan on a large house, but MAS can find you something smaller that you can comfortably pay.
You can find out more about mortgaging and re-mortgaging on the MAS website, http://www.mortgageadviceservices.co.uk/remortgaging/Labels: benefits of re-mortgaging, nottingham re-mortgage advice, re-mortgage advice, re-mortgaging properties, the re-mortgage process
