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Dustin Said:

Best mortgage deals without paying penalty?

We Answered:

Your loan has a prepayment penalty? That means that you have a very low interest rate to begin with or some kind of subprime loan, due to regs on prepayment penalties.
When you do a refi, you can have that prepayment penalty "rolled into" the new loan. However doing so increases your indebtedness, and increases the amount of interest you pay over the life of your loan..

Melinda Said:

Which are the best mortgage deals in the UK?

We Answered:

Perhaps you need to consult an Independent Financial Adviser or Mortgage Consultant. They will help you look for the best deal for you, after doing a proper financial fact finding exercise. Make sure, though, that you do get an independent, rather than someone who is tied to a particular company's products.

To give you an idea of the sort of thing to discuss with them, have a look at a couple of websites that will give you some idea of what is currently available. I've posted links to some below - the first one is particularly good.

John Said:

what are the best mortgage deals on the market at the moment?

We Answered:

The term 'best' deal is extremely important and one which your mortgage broker should explain to you in detail. Of the various mortgage rates which are available on the market it is necessary to look at all the various aspects of the mortgage deals to work out which is the best.

In order to do this you must look at the overall cost of the mortgage.For example, when comparing 2 year fixed rates it is necessary to total the monthly payments up over 24 months and then add back in the associated arrangement fees. Also bear in mind certain products will have 'incentives' such as free valuation and free legals which need to be factored in to the overall cost.

It would be impossible to assess what would be the best mortgage deal for you at the moment without knowing all of your personal circumstances. Also, in the current climate it may be best for you to remain on your lenders Standard Variable Rate (SVR). With many lenders reducing their SVR, in certain instances this can be cheaper than any new mortgage deal on the market.

In order to assess what the best mortgage deal for you, take advice from an independent mortgage broker.
http://www.wwfp.net/mortgage/mortgage-br…

Disclaimer:
The answers above are for guidance only and should not be acted upon without you receiving professional mortgage advice relevant to your circumstances. To find an independent mortgage adviser please go to http://www.impartial.co.uk.

Jennie Said:

How do you get the best mortgage deal?

We Answered:

first of all, the real estate agent is not there to get you a deal on a mortgage - that is either your responsibility or the mortgage broker's responsibility. The agent is there to put you in a house (show you houses, explain the offer/acceptance routine, be there at closing and walk you through the purchase process).

If you do not trust you mortgage broker to get you a fair deal, then you can start calling around to banks in your area and inquire about their rates. This means, however, getting a new pre-approval and starting from scratch on the mortgage. Being a first-time buyer, if you go this route, you are going to have to educate yourself regarding rates and points and buy-downs.

Timothy Said:

Who has the best mortgage deals?

We Answered:

bank of america

Bonnie Said:

Best mortgage deals ?

We Answered:

best? thats a massively subjective word.

In reality there is no single "best" mortgage it depends on your needs, views and most importantly your risk profile i.e how willing you are to take on risk.

If you are financially secure a good tracker mortgage is certainly very attractive at the moment, however if you are struggling its usually best to get a fixed rate to give you some stability. But this is just a very general answer.

Please supply more information about your situation and I will be happy to help

Samuel Said:

What are the best 90% mortgage deals on the market?

We Answered:

The types of mortgage available at these Loan To Values are changing daily and the types of rates on offer are varied i.e. fixed rates, tracker rates, discount rates etc so it really is necessary to seek the help of an independent financial adviser to see which mortgage would be best for you.

In todays market you will most likely find that many banks and building societies are offering deals direct to customers only which are much better than anything they advertise on television or even through brokers however an independent mortgage broker will still be able to recommend these for you and assist you with your application.

Disclaimer:
The answers above are for guidance only and should not be acted upon without you receiving professional mortgage advice relevant to your circumstances. To find an independent mortgage adviser please go to http://www.unbiased.co.uk