What is re-mortgaging?
Most people re-mortgage their property to either raise capital or simply because their current mortgage product is coming to an end. [Back to the top] I have a repayment mortgage. Can I change to an interest only mortgage? Some lenders will allow you to switch the repayment type at any time during the mortgage term although some will charge an administration fee for this service. You should check with the lender or your broker should you wish to switch your repayment method. It is important to understand the consequences of an interest only mortgage and your advisor will discuss this with you. [Back to the top] I have an interest only mortgage. Can I change to a repayment mortgage? Some lenders will allow you to switch the repayment type at any time during the mortgage term although some will charge an administration fee for this service. You should check with the lender or your broker should you wish to switch your repayment method. [Back to the top] I would like to pay off my mortgag
