With our re-mortgage advice you could reduce mortgage interest payments

With all year round retail sales, you may be continually tempted to put more on your credit card. Maybe you have an expensive event coming up. The sound of wedding bells? The holiday of a lifetime? Christmas?

You may be counting the cost of the 'bashing' your credit card has taken (or is about to take) and worried about the amount of debt you've taken on.

One thing you should consider is to reassess your finances and find ways of reducing that expensive debt as quickly as possible. One way of doing this may be to re-mortgage your property. This can help in one of two ways.

re-mortgage

The first way is to re-mortgage your property, raise capital from the equity in your property and use it to pay off your more expensive debt. After the last few years of excellent property price rises you may be surprised at how much equity may be available for you to draw on. The extra money can be used for many purposes so if you don't have much debt  you could use this to finance that new bathroom suite, new kitchen or property renovation.

reduce mortgage interest payments

The second way is to re-mortgage your property for the same amount as your current loan but at more favourable interest rates. If you haven't re-mortgaged your property for a number of years you may be surprised at how much you might save on the monthly payment.

This will allow you to use the savings you make on your mortgage payments to pay down your more expensive debt more quickly. The quicker you pay off the capital for the expensive debt, the less interest you pay on that expensive debt, freeing up more money to pay it off.

save mortgage interest

The other aspect of reducing your monthly interest payments is the over the lifetime of your mortgage you will pay less interest on the loan, potentially saving you thousands of pounds.

reducing credit card debt

So, if you have high credit card interest rates, the quicker you pay off those cards, the less interest you'll pay each month and the more money you can use to pay off the loan. If you have a worryingly large amount of credit card debt and are wondering about how to go about reducing it efficiently, why not read our e-book 'How to reduce credit card debt to £0 - Guaranteed!'? This e-book explains a systematic way of reducing credit card debt and getting a grip on card usage, which if you follow the advice, is guaranteed to work!

online re-mortgage advice

Here at Better-Mortgages we offer an online re-mortgage advice service which could help you reduce your monthly mortgage interest payments and save mortgage interest over the whole term of the mortgage

If you would like to reduce mortgage interest payments or raise capital via a re-mortgage, just fill in our online enquiry form, and a mortgage adviser will check the re-mortgage market against your requirements to identify how we can help you. Alternatively just call the number below to discuss your requirements with a qualified mortgage adviser. 

You might also want to consider reviewing your insurance requirements. Again if you've not reviewed your insurance requirements in the last few years against the insurance products you current provider is offering, it may be possible to find you the same or similar insurance cover on buildings, contents, and other general insurance, for a lower monthly premium. This may free up a more money to get rid of that debt!

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