TigerTom's Refinance Mortgage Calculator UK
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- Small size (331K);
- Loans AND Refinance Mortgages calculated;
- No installation required;
- Windows 95/98/Me/XP;
- Amortization tables;
- Save and print;
- Dollar, Pound or Euro symbols.
- Click HERE to get it.
A mortgage company is much happier if they know you've got access to large amounts of cash, or a lot of equity in the property, upfront. It suggests you'll be a good credit risk. You've covered part of their risk by putting money into the property already. The old saying is true; banks prefer to lend money to people who've got it already!
When applying for refinance mortgage you will have the opportunity to choose from various options like capped or variable interest rates. Of course, this depends on the lending company as well.
We offer free refinance mortgage information at a time and place to suit you. Why not allow us to take the hard work out of searching the market for you and apply today.
Before you fill out refinance mortgage applications, take whatever steps you can to improve your credit. Pay off old loans, and once they are paid off, ask your creditors to remove negative information from your credit report.
If your credit is still not good enough, talk to family and friends and see if you can find someone with a good credit rating to cosign your refinance mortgage deal with you. Be straight with them, so they understand the seriousness of what they're doing. Consider that families fall apart over such things; financial involvement inevitably changes a relationship.
Something to look out for in any refinance mortgage web site how old the site is. Is it a johnny-come-lately, or has it been around for years? Another thing is whether it has a physical address: P. O. Boxes or 'Suites' don't count. Are they regulated by the Financial Services Authority? Do they have a Consumer Credit Licence?
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The internet and your high street bank aren't the only places you can enquire about refinance mortgage; consider smaller banks, building societies or credit unions. Some building societies and all credit unions are founded on the principle of mutuality; they are set up for the benefit of all members, not for shareholders or owners. So search on the phrase 'fully mutual building society UK', and see what kind of deals on refinance mortgage you can get.
It depends on how 'on the ball' the members are, and whether the fraternal ethic still exists in the organisation i.e. are they still looking to get the best deal for their members?
Refinance mortgage lenders aren't charities. They're in business to make a profit, and only the simple-minded would begrudge them. So they add in fees and penalties and charges, either upfront, or into the interest rate. They get lots of queries from people who haven't got the 'scratch' to repay a refinance mortgage, so you can forgive them if they're a bit brusque; they've heard it all before.
Your refinance mortgage request will be judged according to a formula, and any soft talk you get is merely them being eager and/or polite. If you can tick all the right boxes truthfully, you get a better deal; if not, a worse one. They're gambling on your ability to cover your refinance mortgage debt, and your interest rate reflects the 'odds' of repayment.
This being a business deal, they'll try and get as much out of you as possible, but with the internet you can compare deals, and haggle a bit.