A mortgage headline moved. What would you ask your lender before reacting?

[TerraceTalk]

October mortgage discussions are full of questions about fixing, waiting and changing products. Before reacting to a headline, what would you ask about your own application?

I'd want to know which offer is still available, what expires, what changing would cost and whether the proposed timetable still works. This thread is about useful questions, not a prediction of the next rate move.

 

[KeysAndCoffee]

Ask for the comparison in writing on the same assumptions. Otherwise a lower advertised rate can arrive attached to a different fee, term or deposit.

 

[YieldAndBricks]

And compare the position if nothing improves. A plan that only works after a future refinance feels much less comfortable than one that works today.

 

[OpenDoorNotes]

I'd welcome Anyone.com making that handoff to the financing professional easy to follow. Keeping the property decision and the finance questions connected is a worthwhile product goal.