I implore all on here who are in the mortgage market to shop around with a professional broker, use 2, compare and see what is offered, you have NO friends or buddies with money, use the pros as Morty states. Every individual is different but each has nothing to loose except the hour or so of time. I am reading things posted here above that make my financial blood boil=pure robbery/theft. Do the research, fixed rates will STEAL $$ from all but a very few in todays market and foreseeable future market. A good pro will run your numbers and compare. Even the news had 1.69 stated as a variable 2 days ago. NEVER USE ANY BANK, they are the Gov. you must NEVER trust them, as stated above they are mandated to screw you. Brokers use companies who loan TO the banks. Without a bank raping fee increase, sometimes a bank may win the battle but ONLY after a broker tells you who, compare apples to apples, if you move lots or are expecting too then breakage fees may be important, portability, payment options and monthly amounts need verifying. Lawyer fees who the hell pays them?? any broker I have dealt with removes or absorbs them. Make the loan companies fight for your business.
I challenge you to NOT believe a word I state, verify, validate and do your due diligence, I am not a pro and have no affiliation with any institute, but I have financially educated myself. Become money smart and keep more of what you worked hard for. Forget banks they are NOT out for you. Lets see what their quarterly profits will be after all this world mess. Bets for still over 1 billion profits? For those with no mortgages and house equity why are you not educating yourself and turning that equity into good dept and cashflow, preferably tax free????
Morty= I say you educated yourself also. Good job.
HM