Are there some ways to calculate how to find a good mortgage? We have some ideas about the location and the whole price but we need extra information. Since it is a long-term loan for property we want to be 100% sure. We heard that there were some conveniences for first time buyers. The house we are interested in is in Ipswich and we got some digits from Nationwide like Initial rate 5.78%, APR 7.2%. Is this a good mortgage?
What I can say that you really must check on every detail on that mortgage and after you have done that, start comparing prices and conditions. Of course that you have some deals for first time buyers but you need to see with your lender. I can say that APR rate for your mortgage is really good one, lower than any others I have seen so far. All you need is to recheck all conditions just to be sure and go for it.
