When it comes to choosing a mortgage there are several things to consider. Should you go for a fixed rate mortgage, one that is variable, or something with a discount? If you choose a fixed rate, how long do you want to benefit from the fixed term?
Ultimately, though, there is one prime consideration above all else – you have to make sure that you can meet the mortgage repayments, otherwise your property could be at risk. Thankfully, working out how much those repayments will cost has been made easier through online mortgage calculators.
The Direct Line mortgage calculator couldn’t be easier to use. Firstly, all you have to do is enter whether you want a new mortgage or a remortgage, followed by the property value, the amount you want to borrow and over how many years, and the type of repayment.
Then all you have to do is select which of our mortgages you are interested in – there are two discount trackers and three fixed rate mortgages to choose from. You can even get an immediate comparison on all five at the same time.
If you’re interested in one or more of the options, you can check the features and fees or print out a full quote with the important Key Facts about that mortgage. Then, you can go ahead and apply for the one that suits you.
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