SWITCHER MORTGAGES What is a switcher mortgage, Why would I switch and How do I switch?.... All questions that as a mortgage broker we hear on a regular basis. While financial jargon terrifies most people, Switcher Mortgages are nothing to be scared of. In fact they are great for an awful lot of home owners.
A term you will hear a lot when you are researching a mortgage, but what does it mean? The ‘rate’ you are paying for your mortgage generally refers to the interest rate, the higher the interest rate, the more you are paying back. Whether it is Fixed or Variable is usually up to you, it