Post by bradangelinab on Jul 27, 2011 7:40:02 GMT -5
One of the reasons why people turn to remortgage is to save some money. That is the main motivation behind trading in one's current mortgage to get a new one. A mortgage can become a major strain on one's income. It does not help that mortgage repayment carries out over a long time.It is tough to complete one's repayments in one shot unless one has just won the jackpot. And we all know that the chances of that happening are too low to be worth considering. However, we all know the old proverb, "A penny saved is a penny earned". Thus, if we can cut down on some of our mortgage expenses, the money that gets saved up might be used more productively.
