Mortgage rates, latest mortgage products and developments
Deciding between a 2 or 5 year fixed mortgage rate depends on your financial goals, your market outlook, and your personal circumstances. Below we outline the key things to consider (remember, your mortgage broker is always here to guide you): 2 or 5 year fixed mortgage and Interest Rate Environment Falling Rates: If mortgage rates … Read more
What are lender’s mortgage product fees? Lender’s mortgage product fees are fees charged by the mortgage lender at outset on a some mortgage products. These fees can be added to the mortgage lending, or paid upfront. A lender’s mortgage product fee offers these benefits to the borrower: A lender’s mortgage product fee offers these benefits … Read more
What is Standard Variable Rate? Standard Variable Rate, sometimes called a ‘revert rate’ or ‘reversion rate’, is the interest rate that your mortgage lender moves your mortgage to when your introductory offer ends. For example, a borrower who took a two-year fixed rate will see their mortgage revert to the standard rate at the end … Read more