Talking Your Way to a Better Remortgage
It is undisputable that finding a good remortgage deal for your house is going to be a difficult task to do. Finding a good deal is probably going to include you bargaining your way into it. If your goal is to get the best deal possible, you are going to have to plan on following these tips and bargaining to get the best mortgage possible
Investigate your current situation. You need to know exactly what your current rate of interest is and how much you are paying on your principal and how much you're paying in interest every month. This should be pretty easy to figure out, but if you're unsure, there are a lot of calculators on the web that can help to figure out how much you're spending and how much your mortgage is actually costing you. Once you figure out how much you are actually paying in interest, you're going to realize how important it is to get good at negotiating.
Next, you're going to want to meet with a couple of banks. When you're looking at remortgaging your house, you're going to want to think of the first bank that you meet with as a practice bank. Use this bank to test the waters and see exactly how much you're going to be able to negotiate. You don't want to use the best bank as your first bank. Remember, you are practicing and using this opportunity to do a bit of research, and hopefully you're going to be able to negotiate better with the future banks that you talk to.
Look at your offers. Now that you have seen several different banks, found out what their best deals are and tried to talk them down a bit more, you are going to want to show them what you got from the other banks. Use the other banks quotes to see if you can drive the fees or interest rate down even more. You may find that they will match the best bank's offer and throw in something extra to beat it. Banks are going to want your business, especially if you have good credit.
Put on your game face. After going to a remortgage appointment, the loan officer will often call you to try to convince you to choose their bank. Tell them that you are still looking into other banks and watch the interest rate drop even more. The first time they call they might offer you a slightly better deal. By the time they have called three or four times you know that they have given you the best deal that they are going to offer. Put on your game face and get a better deal than you originally bargained for.
If you aren't prepared to do the research needed and talk to several banks than you aren't going to get the best remortgage deal out there. If you don't want to do it, ask your husband or wife to do this work for you. By talking to banks and convincing them to give you a better remortgage deal, you are going to save tons of money.
Investigate your current situation. You need to know exactly what your current rate of interest is and how much you are paying on your principal and how much you're paying in interest every month. This should be pretty easy to figure out, but if you're unsure, there are a lot of calculators on the web that can help to figure out how much you're spending and how much your mortgage is actually costing you. Once you figure out how much you are actually paying in interest, you're going to realize how important it is to get good at negotiating.
Next, you're going to want to meet with a couple of banks. When you're looking at remortgaging your house, you're going to want to think of the first bank that you meet with as a practice bank. Use this bank to test the waters and see exactly how much you're going to be able to negotiate. You don't want to use the best bank as your first bank. Remember, you are practicing and using this opportunity to do a bit of research, and hopefully you're going to be able to negotiate better with the future banks that you talk to.
Look at your offers. Now that you have seen several different banks, found out what their best deals are and tried to talk them down a bit more, you are going to want to show them what you got from the other banks. Use the other banks quotes to see if you can drive the fees or interest rate down even more. You may find that they will match the best bank's offer and throw in something extra to beat it. Banks are going to want your business, especially if you have good credit.
Put on your game face. After going to a remortgage appointment, the loan officer will often call you to try to convince you to choose their bank. Tell them that you are still looking into other banks and watch the interest rate drop even more. The first time they call they might offer you a slightly better deal. By the time they have called three or four times you know that they have given you the best deal that they are going to offer. Put on your game face and get a better deal than you originally bargained for.
If you aren't prepared to do the research needed and talk to several banks than you aren't going to get the best remortgage deal out there. If you don't want to do it, ask your husband or wife to do this work for you. By talking to banks and convincing them to give you a better remortgage deal, you are going to save tons of money.
posted by Debt Consolidation Loan at
3:22 PM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home