Answers
Is the mortgage rate 5.45%is good or i can get the better and cheaper rate?
it's good if it's a standard rate you will get a lower rate but with strings attached and only for a short period .
Best Answer:
it's good if it's a standard rate you will get a lower rate but with strings attached and only for a short period .
Answers:
You don't give much information but, yes, on the face of it, that is good rate. Is it a fixed rate of a tracker/discounted rate and how long do you get the rate for?
The important thing is to ensure that your mortage is with a mainstream lender. That there are no hefty redemption penalties or extended tie in periods after that rate has expired. What are the fees like - sometimes, you get a great rate but a high fee and this can balance things out.
Its way better than than most I have seen I would go with it
but make sure it fixed for a least a couple years or it may jump to 9% in a year many finance companies are this way.
Hope this helps!