At the Mortgage Calculator many consider us their ultimate source for all things mortgage and interest rate related, but did you know that we also help our users to find the best loans deals, too?
Behind the scenes, we employ a team of professionals that work tirelessly to find the cheapest loans, compare the fairest rates and present you with the most ideal options for your mortgage needs – and this is something we enjoy above all else. If you haven’t used our mortgage calculation tool before then we’d strongly recommend that you give it a go, just to get to grips with one of the quickest ways to compare loans and rates.
What do we do exactly?
You might notice that when you enter your data into our calculator the tool will take care of the hard work for you, to present you with a final sum that will demonstrate how much you can expect to pay. As different banks offer varying rates, the only thing that you’ll have to do is switch the ‘interest rate’ field to suit the current rates.
This will allow you to see how different rates will affect your repayments, whether they are due to take place each week, every fortnight, or on a monthly basis.
With this method, you’ll be able to gauge just how varied rates can be, even at the same time of year. A bank that proposes a rate of 1.5% will typically be cheaper than one that dictates 2% or higher – and although that might not be clear from the offset, once you see how much difference 0.5% can make to your repayments over the course of a year, you’ll undoubtedly realise why we advise all of our users to ensure that they find the cheapest loan possible.
In fact, this is what our experts do on behalf of our users. By comparing rates and keeping on top of market shifts, we are able to identify sudden drops and increases in equal measure. We then bring this information directly to you, via this very blog and other parts of our site, so that you can be sure to make the right decision on your loan.
Are you curious to learn more? Maybe you’d like our help with finding the ideal loan for your needs? If this sounds like you, then why not get in touch with us today? We’re more than a mortgage calculator – we are your source for all things loan-related!