Fixed or Floating?
It certainly pays to shop around when looking for a mortgage and mortgage brokers can often be helpful in finding the best deal. Remember that things like upfront fees are often negotiable.
Your first decision is whether to go for a fixed rate or a floating rate. Normally the wise thing to do is a mixture of both but with fixed rates now starting to trend upwards it is worth considering locking in a fixed term mortgage while the going is good.
Here are our Top 5 mortgage rates from banks.
|Company||Floating||1 Yr Fixed||2 Yr Fixed||5 Yr Fixed|