WEBSITE FOR THE BEST MORTGAGES?

Can anyone tell me a good site for comparing mortgages or mortgage calculators, also does anyone know if the interest rate is going to drop in the near future.


WEBSITE FOR THE BEST MORTGAGES?
Contact your mortgage broker as they will shop mortgage rates for you. If you go on a website, they are giving average interest rates %26amp; may not be applicable in your state. Call a local broker!WEBSITE FOR THE BEST MORTGAGES?
Find a Mortgage Banker, not a Broker. A Broker adds fees to the rate or points to make a profit. The Yellow Pages will list mortgages available in your area. Find somebody you trust and feel comfortable with. Watch carefully for garbage fees like Underwriting Fee, Processing Fee, Tax Service Fee, etc. Those are all pure profit items for the lender. Ask for a Good Faith Estimate and compare fees and rates with 3-5 lenders.
If you want to keep abreast of the latest developments, you should regularly look at a site such as thisismoney's homes section:


http://www.thisismoney.co.uk/homes





This digests a lot of information for you if you don't want to look at lots of sources.





It also has a mortgage finder and mortgage affordability calculator


http://www.thisismoney.co.uk/mortgagefin鈥?/a>


The advantage here is that the results (from mform) clearly set out the rates, repayments and fees applied to the mortgage.





Please remember that if you are selecting a mortgage via your own research - what looks like the best headline rate often has hidden catches: a low interest rate may disguise very high initial arrangement fees and punitive exit charges.





It is probably worthwhile (despite some negative posts here - and no, I don't have any vested interests) to get help. Make sure you select an independent financial adviser to assist you.





To select an appropriate adviser, have a look at the tips on Martin Lewis' site:





http://www.moneysavingexpert.com/mortgag鈥?/a>





This is also a good source of information on mortgage tips and pitfalls.





As for your question on interest rates, the reality is no-one knows. A better question for you to ask is - will a drop in interest rates be passed on by my mortgage provider to me? Depends if you are on a discount or a tracker. If you don't know the difference - find out from these sites!





Good luck






i think it will drop, go se your local mortgage adviser, independent not from th building society
take a look at index finance uk,they have various uk lenders listed.