http://angel-kids.info Useful informations about mortgages, home loans and home refinancing. Fri, 21 Nov 2008 15:49:28 +0000 http://wordpress.org/?v=2.2.3 http://angel-kids.info/2008/05/28/poor-credit-remortgage-lenders/#comment-9 Andy Mon, 30 Jun 2008 13:02:27 +0000 http://angel-kids.info/2008/05/28/poor-credit-remortgage-lenders/#comment-9 Yes, having taken all the potential remortgages pitfalls into account, you should be able to decide whether remortgages represent a winning bet or whether it makes sense to stick with what you've got. The main thing to know is the cost of the penalties you need to pay for giving up old mortgage and taking remortgages (see here badcredit-mortgages.org.uk ). These are used by mortgage lenders to make sure that the borrower stays with them or if they quit - that they can squeeze a bit more money out of him. Typical penalties charged for remortgages is a percentage of what's still owed on one's mortgage if one goes to another lender with a better interest rate. Yes, having taken all the potential remortgages pitfalls into account, you should be able to decide whether remortgages represent a winning bet or whether it makes sense to stick with what you’ve got. The main thing to know is the cost of the penalties you need to pay for giving up old mortgage and taking remortgages (see here badcredit-mortgages.org.uk ). These are used by mortgage lenders to make sure that the borrower stays with them or if they quit - that they can squeeze a bit more money out of him. Typical penalties charged for remortgages is a percentage of what’s still owed on one’s mortgage if one goes to another lender with a better interest rate.

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