Confused? Which Mortgage Type is right for you?
The types of mortgage scheme available in the market are varied but very important to understand your options. Choosing between the different mortgage interest rates on offer can be confusing. How do you know which mortgage interest rate is best for you? Should you get a traditional mortgage, flexible or offset mortgage?
Advantages and Disadvantages of mortgage types
It takes years of practice and experience for a mortgage advisor to simply learn to explain the difference between a fixed mortgage and a capped or a discounted mortgage and a tracker. Go Direct can help we have removed the confusion, simply click on a mortgage type and see the mortgage type explained with the advantages and disadvantages of each mortgage type simply explained.
Your home may be repossessed if you do not keep up repayments on your mortgage
Types of Mortgage interest rates
You have two main decisions when choosing an interest rate; whether to choose a fixed rate or variable rate mortgage, and whether to choose a short or long term mortgage deal. Once you have established this you can then look at the benefits of traditional mortgages, flexible or offset mortgages.
