answersLogoWhite

0


Best Answer

A remortgage rate is for the interest paid on the amount of money in the remortgage. One wants to try to find the lowest remortgage rate possible. The lower the rate the less one will have to pay in the long run.

User Avatar

Wiki User

βˆ™ 11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is a remortgage rate for?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the APR on a Remortgage?

The APR - Annual Percentage Rate - on your remortgage package shows the annual interest that you have to pay and will vary with the type of mortgage you possess.


How can one get in the US fixed rate remortgages?

Most companies that offer mortgages will be able to give you a fixed rate remortgage. A remortgage is why you pay off your current mortgage with another one, usually because you get a better rate of interest.


Where is it possible to get a fixed rate remortgage?

Anyone should be able to get a fixed rate remortgage from either their current mortgage company, or a mortgage company that specializes in these types of mortgages. Some banks offer fixed rate remortgages as well.


What is the process of filling a remortgage?

To start the process of a remortgage, a person must first ask his/her lender for a better interest rate. Then that person needs to evaluate the cost of a remortgage to decide if the benefits outweigh the cost. Last he/she needs to decide which mortgage product to try.


What are the benefits of using a remortgage to finance a buy to let property?

When you remortgage you get a lower rate as rates change. If you are not keeping the property then it's wise to save money as you are not planning to keep it in the long run.


Where can one compare remortgage interest rates?

There are a few sites dedicated to comparing remortgage interest rates. A couple of them are as follows: Remortgage-Me and Remortgage-Search. Both of these sites have facilities to compare interest rates for remortgage.


Where can one find the perfect remortgage ccj?

You can find the perfect Remortgage CCJ ( County Court Judgements) at Remortgage online. They can answer all of your questions and you can get free Remortgage Quotations.


What is a remortgage deal?

A remortgage deal is when you shop around other banks for better rates than your current bank is offering. You can also ask your current mortgage company to see if they can give you a better rate when the mortgage agreement is up.


Which UK banks offer flexible remortgage services?

One can get a flexible remortgage service from just about any bank in the area. One would just need to make sure that their credit is good, and that one can financially afford a new rate.


How is a self certified remortgage different from a traditional mortgage?

A mortgage that is classified and listed as a certified mortgage is different from a traditional mortgage in that one has a fixed rate and the other has a variable rate.


What is the definition of a remortgage deal?

Remortgage is the same as refinance. It entails paying off one mortgage using a second, but the second uses the same home as a security. It can get you a better interest rate on your mortgage, so you pay less over time.


Where can one find a remortgage calculator?

A remortgage calculator can be found online and for free at sites such as Barclays and Mortgages. Additionally, companies such as Nationwide will have a feature to calculate a remortgage.