By loansHub

06/22/2019 Fact is, “best mortgage” is unique to every borrower, what suits your needs today may not be the best product for you in 2 years’ time. Some borrowers care only about the rate, some may want the ability to vary and increase their mortgage later with no cost, especially if there is a growing family to consider and some have no choice but to consider mortgage from non-mainstream lender if they are credit impaired.
The cost of not having the required flexibility when you need it is almost always higher than a small upfront rate savings offered by low introductory interest rate and the best lender for you will always be the one that offers the best value features, timely advice and service you require.
Some key consideration;
Your ability to afford the loan amount without it affecting your ability to maintain a lifestyle;

2. Whether to take a variable home loan or fixed, be aware, fixing your loan can have many negative financial implications if your personal situation changes so ensure to take sound advise before locking yourself in;
3. Is a basic mortgage or a package home loan better value?
Finally, we suggest setting a regular direct debit for your contracted loan repayment amount and making all additional payments manually so that you can actively monitor the progress of your home loan. For more home loan tips and to apply for a winning home loan, visit loansHub.