Different types of mortgage

brian · #1 (**permalink**) 03-28-2006, 06:14 PM

There are different types of mortgages available:

Fixed Mortgage
Variable Mortgage (some are calling this a Tracker Mortgage now)

which are then broadly slotted into:

Capital Repayment Mortgage
Interest-only repayment

Already I'm getting confused as to which is the best choice for me.

On the one hand, fixed vs variable interest mortgages seems to be the banks way of gambling - I don't see any banks offering variable mortgages where the rates may be expected to drop.

Also, it's interesting to see interest-only mortgages being sold, despite the endowment mortgage scandal that saw people unable to pay off their mortgage in the expected term. Isn't getting an interest-only repayment simply falling for the same trap?

I have to admit, I'm getting confused already - how on earth is anybody supposed to make an educated choice about what type of mortgage works best for them?

parulmak · #2 (**permalink**) 04-20-2006, 02:56 PM

There are many sites offering different products of mortgages and with all types.
Whether it is variable, fixed, flexible mortgage.

If interested then look at: http://www.your-mortgages.co.uk

Cheers

Quote:

Originally Posted by brian

There are different types of mortgages available:

Fixed Mortgage
Variable Mortgage (some are calling this a Tracker Mortgage now)

which are then broadly slotted into:

Capital Repayment Mortgage
Interest-only repayment

Already I'm getting confused as to which is the best choice for me.

On the one hand, fixed vs variable interest mortgages seems to be the banks way of gambling - I don't see any banks offering variable mortgages where the rates may be expected to drop.

Also, it's interesting to see interest-only mortgages being sold, despite the endowment mortgage scandal that saw people unable to pay off their mortgage in the expected term. Isn't getting an interest-only repayment simply falling for the same trap?

I have to admit, I'm getting confused already - how on earth is anybody supposed to make an educated choice about what type of mortgage works best for them?

Palm · #3 (**permalink**) 04-21-2006, 01:21 PM

Looks like spam but it answers your question brian.

ninikins · #4 (**permalink**) 05-21-2006, 11:58 PM

Man. Spam is everywhere but at least it was kind of informative

Mortgages can be extremely confusing and different types do overlap.

OneofaKind · #5 (**permalink**) 06-07-2006, 01:29 PM

I'm not sure why you believe the website is a spam site.

I believe the information is very good and professionally presented.

I'm not an expert, but I doubt if spam sights would produce information to those standards

brian · #6 (**permalink**) 06-16-2006, 12:09 PM

It's more that someone joined a forum just to post a link. Usually referred to as forum spamming.

OneofaKind · #7 (**permalink**) 06-26-2006, 01:00 PM

Okay, I've learnet something new today - now I know what people mean when they talk about forum spamming!

Thanks for the insight Brian

feline · #8 (**permalink**) 08-12-2006, 05:44 PM

Soooo,,,, when I was one of the moderators of a forum, I also have this kind of poster who spams all his posts with his link. I was wondering if he was hired to do this or what... I ended up deleting almost all of his posts. Forum spamming was supposed to be the term. Hmmm, thanks for that, admin!

Thomson · #9 (**permalink**) 08-28-2006, 12:16 PM

Hello all, I am Thomson.

brian · #10 (**permalink**) 08-29-2006, 03:23 PM

Hi Thomson, and welcome to the FM messageboards.

Anything you need help with, feel free to ask.

parrotbay · #11 (**permalink**) 09-10-2006, 08:38 PM

You may want to check a variety of sites when checking on loans. If you are looking for the basic information, then go to an informative site, However if you are looking for realtime rates, then you will want to visit mortgage comopanies online.