Interest Rate Imbalance
Borrowers who are unable to move their mortgages, or who are unaware that they can find better deals than those they are currently on, are helping to fund their mortgage lenders prime mortgages products.
Added to this is the problem of high-street mortgage lenders constantly chasing new business and therefore having to pay mortgage brokers vast amounts of procuration fees for the mortgages they complete.
This is an additional cost to the mortgage lenders that must be paid for. It is likely that a large portion of this expense is funded by the borrowers who are stuck on the mortgage lenders Standard Variable Rates (SVRs), which are normally attached to the mortgage products held by poorer borrowers.
While such an inequality is a cause for concern within the mortgage industry it is unlikely that the situation will improve. It is doubtful that mortgage lenders would alert their less fortunate customers that they may be able to switch mortgages to a product that can save them money.
Borrowers who feel they may be paying over the odds on their mortgage should consult an independent mortgage adviser. An independent adviser will provide impartial advice on which mortgage products and mortgage lenders are right for an individual s set of circumstances.
In this day and age of choice in the mortgage marketplace, there is little need for borrowers to stay with the same mortgage lenders and pay excessive interest rates.
Article Directory: http://www.articledashboard.com
Honeymoon Tips | 40 Year Mortgages How Do They Work? | Debt Settlement Avoids Credit Checks With Debt Consolidation | Online Loans Information | What Happens After The Sheriff Sale | Used Car Loans - own a car through low rate finance | First Time Buyer: Providing Assistance to Naive House Buyers | Debt Consolidation Ideas and Debt Management Ideas | First Time Buyer: Providing Assistance to Naive House Buyers | Used Car Loans - own a car through low rate finance | Hennepin County Vital Records | Types of Home Loans in India | Interest Rate Imbalance | How To Make Sure You're Getting The Best Credit Card Rates | How To Actually Calculate Loan Payments | Current Mortgage Rates: What Effect Does The Federal Reserve Really Have? | How To Actually Calculate Loan Payments | Becoming Debt Free May Require Lifestyle Changes | FREE Reports: Ethical Lending & The Mortgage Process | Debt Consolidation: An Opportunity To Mend Credit Status | Bankruptcy And Student Loans | UK Bridging Loans - A Brief Guide | Applying for Your First Home Mortgage? What You Need to Know | Display Signs, Sending The Right Message | Mortgage Loans In Florida Readily Available Online | How To Save Money By Investing On Life Insurance | First Time Buyer: Providing Assistance to Naive House Buyers | New Hampshire Refinance Mortagages | Mortgage Interest Rates: Can You Predict Mortgage Interest Rate Trends? | Improve Your Business With Corporate Gift Services | How To Actually Calculate Loan Payments