210000 Mortgage - Obtaining A Mortgage - Your Borrowing Options

Very few people are able to purchase a home without taking out a mortgage. First time homeowners as well as home movers may not know exactly where to go to get the best mortgage for their circumstance, and with the huge amount of competition in the marketplace the many available lenders and mortgage types can get very confusing. The good news is here at First Choice Finance we offer qualified mortgage help & advice to obtain a mortgage that suits your circumstances.

The first place that you are likely to approach, when looking for a mortgage, is a bank or building society that offers mortgages. These are often referred to as mortgage lenders. Mortgage lenders focus mostly on their own products. First Choice Finance have numerous banks, building societies as well as specialised mortgage lenders enabling us to compare multiple mortgage plans to find the one that best suits your option.

Here are a couple of pointers to get the ball rolling RE your mortgage:

1. Write down your circumstances – are you in business for yourself or employed as a worker? This may affect the type of mortgage you need to take out.

2. Learn about the different types of mortgages that are available and consider which appeals most to you. Your mortgage advisor can help advise further but it helps if you know the basics.

To start your mortgage search give us a call and speak to one of our qualified mortgage advisers, you will need to discuss a number of important things. If you are only looking for information, you will want to discuss your past credit and your current financial situation. This will give us the ability to give you an estimate as to how much money you may be approved for.

Next, after seeing a few potential lenders, examine your lending options more closely. You should compare the interest rates, loan amount, and down-payments of multiple banks and financial lenders. Also make a note of any penalties and restrictions that are attached to any mortgage deals the lenders have showcased. The goal of most potential homeowners is to own a home, but save money at the same time. To save money, you will need to find a low-cost mortgage. This can easily be done by comparing offers. Our qualified mortgage adviser will discuss the benefits and drawbacks of the different mortgage options to ensure you understand the differences and can make an educated choice for your mortgage. Once you have closely examined all of your lending options, you can make a decision.

How much would a 210000 mortgage cost - The mortgage cost will vary depending on your personal circumstances, the mortgage duration and the mortgage plan that you choose. First Choice Finance can take your circumstance and find a mortgage plan that best suits you, offering no obligation free mortgage quotes detailing the costs.

Mortgages & Remortgages 8.4% APRC. Representative Example: Borrow £120,000 over 25 years at 5.99%, £778.86 pcm fixed for 3 years at 60% LTV. Then at 8.75%, £974.86 pcm, variable for 22 years. Total payable £286,416. Total cost of credit £166,416 (including: £985 broker fee, £999 lender fee & £164,432 interest)

Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home. We Advice Upon & Arrange Mortgages & Loans. We Are Not A Lender.

First Choice Finance is a trading style of First Choice Funding Limited of 54, Wybersley Road, High Lane, Stockport, SK6 8HB. Copyright protected.