Is it time to find a remortgage?


There are two likely situations in which you might find yourself looking for a remortgage. You may be coming to the end of an existing mortgage deal, in which case you have a choice of automatically moving onto your lender’s SVR (Standard Variable Rate) or remortgaging to a new deal.

Secondly, you might be on an ongoing variable-rate or tracker deal but considering a remortgage – perhaps with another lender, perhaps to a fixed-rate deal.

Either way, it’s important to understand what’s involved in the remortgage process before you go ahead. There’s more information on remortgages here, but here’s a quick look at the questions you should be asking yourself before you start talking to lenders.

Would you be better off?

On the one hand, you may want to remortgage to a new deal with a better interest rate than you’re currently paying. In the current climate, this may not be too difficult: lenders are offering some of the lowest rates in years, and if you’ve kept up with your payments in the past then you’re more likely to get a better deal this time around.

You shouldn’t just remortgage for the sake of it. Sometimes when a fixed-rate term finishes, you may find that the SVR charged by your lender is actually significantly lower than the rate you were previously paying. But if it’s not, you should probably try to find a cheaper deal sooner rather than later.

Even so, you might still accept paying more if you’re switching from a variable-rate mortgage to a fixed-rate deal. A fixed rate means you’ll know exactly how much you’re paying every month, and you’ll be protected against sudden rises in your mortgage payments.

If you know you can afford it, it might be worth switching to a fixed-rate deal for the security it can bring, even if it is more expensive than your current arrangement.

Consider the added costs

Remortgaging rarely comes cheap. Mortgage lenders tend to charge some kind of arrangement fee, especially on fixed-rate deals, and this can often cost anywhere between £99 and £1,000 – sometimes more.

Most lenders will allow you to add this arrangement fee onto your mortgage to spread out the cost, but this will of course add to the total amount owed, and could increase your monthly payments.

Also consider the legal fees charged by your solicitor, which can also add up.

You must consider these additional costs, and whether you can afford them up front or if you will have to add them to your mortgage, before you start.

Why Wells Fargo Reverse Mortgage, Newport Beach is Becoming Popular

Why Wells Fargo Reverse Mortgage, Newport Beach is Becoming Popular

Wells Fargo is an increasingly popular financial company in the United States. It has varied financial services. They have been able to maintain their reputation as the foremost bearers of tailor made financial services. This reputation has preceded them in varied locations around the United States – Newport Beach is one such region. Wells Fargo reverse mortgage, Newport Beach services are increasingly popular among senior citizens. The following reasons have paid well to popularize this mortgage options among the senior citizens in Newport Beach:

  • Wells Fargo Bank is easy to locate – no matter where you are situated. This is because they have stores and online services, which are available anywhere, anytime.
  • They have a dedicated group of workers who put a great deal of thought into each and every one of the mortgage programs.
  • The initial reverse mortgage consultations are free.
  • The consultant works around the financial status of the customer.
  • Clients are fully informed about the reverse mortgage.
  • You can find out how much you can borrow based on your present condition.
  • Staff members working at Wells Fargo, Newport Beach are friendly, nice and always work hard to help the clients.
  • All your queries are answered at Wells Fargo, Newport Beach.
  • The manager is always ready to help if ever you have a problem or a query.
  • The service center is open even on Saturdays.

Eligibility for Wells Fargo reverse mortgage, Newport Beach is the same as in any other region. You need to be an American citizen above the age of 62 and must also own a home that has equity payments left. This home on which the reverse mortgage is taken out has to be the permanent home of the client.  Altogether in any reverse mortgage option, especially a Wells Fargo Reverse Mortgage, 3 persons can be the owner of that particular home.  The loan money depends on the age of the youngest owner of the house. All the owners have to meet the criterion of the reverse mortgage loan.

newport-beach-reverse-mortgage-office-wells-fargo
newport-beach-reverse-mortgage-office-wells-fargo

Since equity credit lines are becoming more difficult to get in time, more and more citizens of America are switching towards this reverse mortgage option.   Continue reading Why Wells Fargo Reverse Mortgage, Newport Beach is Becoming Popular

Why Wells Fargo Reverse Mortgage, Santa Barbara is The Best

Why Wells Fargo Reverse Mortgage, Santa Barbara is The Best

Wells Fargo reverse mortgage, Santa Barbara is the leading service provider in finance and banking.  They provide assistance in home buying and refinancing. They are dedicated to providing high levels of service and finding the most suitable reverse mortgage programs for retired individuals.

Wells Fargo reverse mortgage programs are apt and most suitable for every situation. Their outlets are present in different regions. They provide localized and experienced counseling from a dedicated group of knowledgeable mortgage specialists. In all, financial security for you and your family is guaranteed – as long as you live! Wells Fargo is the leading service provider and they have risen to success through:

• Immediate Communication
• Innovative financing programs
• Long term financial security provision, which is catered to every client
• Dedication to help customers meet their financial needs
• Catering competitive fees and rates
• Professional counseling and commitment to deliver service

At Wells Fargo reverse mortgage, Santa Barbara, they provide free consultations. This enables the investors and customers to understand the process and make an informed decision, which helps to avoid any wrong decisions. The consultation helps to maximize benefits from the investments.

Besides financial services and customer financing, Wells Fargo provides funds to new homes, businesses and employees of almost all Fortune 100 companies, who have had to be relocated. Wells Fargo is believed to be the nation’s number one provider of home refinance and provider of an extensive group of products that assist in supplying home mortgages.

Working with Wells Fargo for home financing means that you are Continue reading Why Wells Fargo Reverse Mortgage, Santa Barbara is The Best