The product with the most competitive rate is not necessarily
the best mortgage for you. There are quite a number of other
factors that may come into consideration when you are making
your choice.
While the rate may ultimately be the overriding factor
that sways your decision, you should at least familiarise
yourself with the other aspects of your chosen product,
to make sure you are not blindsided by some unexpected cost
or restriction.
Aside from the rate, the most important aspects of a mortgage
product that are definitely worth examining closely can
be grouped under the four headings below. Click on any of
the headings for more information about each aspect of a
mortgage:
In addition, this section contains information on the following
areas, which should help ensure you are ready to make a
well-informed decision about your mortgage product and provider:
