OnesUp.com

If you have been paying your mortgage loan religiously on time, and your bank has not complained about you, in fact sometimes you feel they have forgotten all about you, well then it’s high time you asked for a better deal, and if your financer is not willing to drop down your interest rate, then take your property to another and remortgage.  But before you do that you have to know your options, what is the interest rate you are seeking.  A very simple calculation using the mortgage calculators can give you the answer. To start with, put in the details of your existing loan so you can use it to compare, then input the numbers again but with a lower interest rate, compare the results with your existing loan, then again re-input the numbers with the same lower interest rate, but this time drop the duration of the loan also, now calculate how much money you are saving on interest.  If it’s worth it, then it’s time to seek a better deal.