| |
|
| |
| Individual health insurance coverage can be obtained with some careful researching of the many diffe ... - Sharlene Raven |
| |
| Military payday loans, though, can be availed instantly by military personnel but care must be taken ... - Peter Taylor |
| |
| When you are buying auto insurance, there are some important considerations to make. Here are some t ... - Matt McWilliams |
| |
|
|
| |
| Fraud and fast-dealing is resulting in thousands of house owners in America becoming homeless. Forec ... - Sherry Stith |
| |
| Debt consolidation can help you get control of your money and reduce your debt. Here is some informa ... - L. Sampson |
| |
|
| |
|
|
First time buyers are still being advised to seriously consider opting for a tracker mortgage, despite growing rumours of a rise in interest rates before the end of the year.
Although the Bank of England moved to hold interest rates at 4.5 per cent recently, speculation is mounting that a quarter point rise will be enacted before the start of 2007.
However, Moneysupermaket argues that those currently looking for mortgages should not automatically discount the idea of a tracker mortgage, where repayments are dependent on the interest rate, as rates have also risen in the fixed rate mortgage sector.
The cost of a fixed rate mortgage has already risen by an average of five per cent since August last year (2005), despite the bank freezing the underlying cost of borrowing. Moreover, wider influences in the financial market mean further increases are likely.
Assuming that the interest rate remains around 4.75 per cent for the next couple of years, Moneysupermarket argues that it would be silly for home buyers to automatically opt for a fixed rate mortgage, as better bargains can often be found in the tracker market.
It's not always as clear cut as fixed mortgage or tracker mortgage, Moneysupermarket's Louise Cuming was quoted as saying recently.
What people should be asking themselves is whether they are already at the top level of affordability when it comes to their monthly outgoings. If so, and if even a small rise in base rates would stretch this, then they would be wise to opt for a fixed rate mortgage, she recommended.
Ms Cuming continued to say: If they have some leeway available in their finances then they would be better off with a tracker mortgage because, ultimately, all the pointers indicate that rates are unlikely to rise significantly in the next two years.
? Adfero Ltd |
| Author: Tml |
| |
Author Bio:
TML offer bad debt mortgages and remortgages to UK residents with poor credit. |
|
 |
|
| |
Related Articles |
| |
Credit Card Debt Consolidation And The Middle Class Trap.
|
| |
The Secret To US Department of Education Loans
|
| |
Credit Card Optional Services
|
| |
Independent Brokerage Firms
|
| |
Credit Help for Real Estate Financing: Credit Scores
|
| |
Tips for Reducing Your Home Owners Insurance Rates that are Quick and Easy
|
| |
A Cure for an Ailing Credit
|
| |
Use A Debt Checklist To Examine Where You Are
|
| |
Seeking Help For A Debt Problem
|
| |
Emotions: A Trader's Worst Enemy; Get Rid of Fear and Greed - You'll be Glad You Did
|
| |
|
|
|
|
