In Financial Difficulty And Struggling To Pay Off Your Remortgage? Increase The Term To Take The Pressure Off
If you are on a 25 year mortgage or remortgage,
why not extend it to 30 years to reduce repayments. You will end up
paying more interest over the term of the mortgage or remortgage, but
this is a good short term solution to take the pressure off. However,
if you are locked into a fixed rate mortgage or remortgage, you may be
fined for this.
