Homeowners seek peace of mind in fixed-rate mortgages

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Homeowners seek peace of mind in fixed-rate mortgages

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08-22-2009, 04:20 AM

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Homeowners seek peace of mind in fixed-rate mortgages

Many homeowners are opting for peace of mind over cheaper monthly repayments, an industry expert noted this week.Jacqueline Thornton, financial planner at Re-Financial Planning, said most homeowners are choosing fixed-rate mortgages rather than saving money by moving to a lower-cost standard variable rate (SVR) deal.Mortgage broker John Charcol recently reported 83% of its clients opted [...]

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