2nd-Mortgage

One much underused resource in the mortgage industry is the tracker mortgages or rate tracker mortgages. Due to a general lack of knowledge about it, borrowers tend to go for fixed rate or variable rate mortgages. However, with the uncertainty surrounding interest rates in today's economy, a tracker mortgage may be a good choice for many potential mortgage customers who are concerned with being trapped in a high fixed rate mortgage. Tracker mortgage is an alternative to fixed rate mortgages. It's called a tracker mortgage because your interest rate will "track" the Bank of England's base rate. Many tracker mortgages only run ...