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mortgage rate good or bad for my situation
zipwen1
Posts: 257 Forumite
hi im buying a 128,450 flat only putting 8,450 down got about 18,000 debt
is this mortgage rate good or could i get better,
30 yr repayment mortgage fixed for 3yrs at a rate of 5.890% on 120,000 +2,495 fees
monthly repayment £725.95
i understand that my amount of debt affects how much you can borrow and what your rate is , so can anyone tell me if the above is a good offer.
all comments appreciated
is this mortgage rate good or could i get better,
30 yr repayment mortgage fixed for 3yrs at a rate of 5.890% on 120,000 +2,495 fees
monthly repayment £725.95
i understand that my amount of debt affects how much you can borrow and what your rate is , so can anyone tell me if the above is a good offer.
all comments appreciated
0
Comments
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what it the debt? is it a default by any chance? what is your credit like? who is the lender that has offered you the deal?I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
the debt is a loan an credit cards, credit should be okay never miss payments and always overpay, the lender is first national0
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can i ask why you chose first national?I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
what is you gross income too?I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
we had an adviser we tried others but the most we could get was 118,000 first national was the only one that would giv us what we needed0
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what is you gross income too? and how much do you pay off your cards each month?I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
gross income i think is 340000
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gross income i think is 340000
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off the cc we pay about 260 and the loan is 2970
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What is the balance on the credit cards?I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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