If you’re looking to refinance, you could do a lot worse than coming to Protect The King to find out more about the latest and best deals going. Refinancing is a big decision and you want to make sure you maximise the deal as its not possible or feasible to keep changing – especially when the amounts concerned are quite large.

Being in a recession, the interest rates are at an all time low and now might be the time to find refinancing. Although credit is hard to come by, you may be OK if you have some equity in your assets and your credit history is OK.

Why refinance?

Lock in better interest rates

Borrow more money against your built-up equity

Reschedule the terms of payment

Cut down the number of years that you have to repay over.

 

The Good Ol' Days

Anyone remember the good old days of growth? The days were refinancing deals were at their peak as the property values were soaring week after week after week. 110% mortgages? What a laugh. I could walk into the bank today with a bag of cash totalling 20% of my property price and get kicked out of Natwest by the doorman (who incidentally they have started to employ since the August 2008).

Here's a nice graph to whet your nostalgic whistle, courtesy of MarketOracle. I'm sure they won't mind me stealing it since it is SO out of date ;)