Tuesday, 18 December 2012

Mortgage repayment tips - part 2

This is the second of a five part series on mortgage repayment tips.  Today’s topic is “Negotiate the lowest possible interest rate.”

I’ve provided numerous tips on getting the best interest rate for a new loan in previous posts, including:
http://www.millionaireonheels.com/2012/12/search-for-lowest-possible-interest-rate.html
http://www.millionaireonheels.com/2012/12/cash-back-mortgage-brokers.html


They can pretty much be summarised as “negotiate, negotiate, negotiate.”

Once you have your loan in place, I would also recommend that you review your lender’s interest rates regularly against the market.  If you have a fixed interest loan, start a detailed review of your options several months before the end of the fixed rate period.