TigerTom's tips on commercial mortgage lender
Most companies offering commercial mortgage lender services will offer a free quote. You should ask to see examples of current products and ask them to tell you all about their company and any independent accreditations they hold. Also ask about their guarantees. Many of the major companies will then, subject to alterations, be able to give you an accurate commercial handy mortgage quote there and then, very often this can be a good time to see what, if any, commercial handy mortgage offers they are running at that time. You should allow a reasonable amount of time to correspond with the initial contact as there are different products and services available on the market, and you need to know what you are signing up for. | General Consumer Tip: TIP: When interest rates fall: Try and leave your repayments the same as prior to the rate drop. This means you will actually be paying more than the minimum each month. You'll repay your loan years sooner. The more rates fall, the sooner you will repay your loan. You will have been paying at the higher rate, so if rates rise again later you may not have to change your repayment. TIP: Pay fortnightly instead of monthly. Many people get paid weekly or fortnightly, so have the e-mortgage payment come out of your account around the same time you get paid. You'll be less likely to miss the money. You will actually save dosh and pay your e-mortgage off sooner. Divide the monthly payment by two or four and pay that each week or fortnight. BUT, this only works if your outstanding e-mortgage is calculated week to week. Many lenders calculate your repayments as yearly totals, thereby increasing their profits.
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| General Consumer Tip: Setting a Budget: The most basic place to start getting yourself out of debt is by setting a strict budget for yourself. If you restrict yourself to spending a certain amount of wonga, you will avoid over-spending, and make sure that you have enough dosh to pay each of your bills without having to worry. Setting a budget will only work if you can restrain yourself enough to follow it strictly. The first time you break your budget you will be back in the same situation you came from. To deal with product debt, it will be helpful to put a temporary block on your credit cards until you are caught up and you know that you can use them without over-spending on products again.
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