Compare mortgage rates, don't just ask your current lender.

It pays to compare mortgage rates and consider all of the choices that are available as a home buyer in the current financial mortgage market. Often those home owners wishing to renew their mortgage consult their present lender but it seems this may not always prove to be the best option.

A lot of advice and important information can be established by going through a mortgage broker who can provide and compare mortgage deals as they specifically check all of the current mortgage rate offers. This also applies to borrowers new to the mortgage market or those contemplating second mortgages.

There are such a lot of potential mortgage lenders that the process of finding a mortgage can be very daunting for borrowers so familiarizing yourself with the Annual Percentage Rate (APR) can be of valuable assistance when calculating the costs of a loan and vital when you compare mortgage details. Factors that will affect the rate at which you are offered a mortgage are the current value of your property and your previous mortgage and personal credit history.

At the start of 2012 the housing market interest has increased with twice as many viewings of properties and sales compared with the same time in 2011 and a lot of new houses are coming onto the market. This is good news if you are wanting to move up the property ladder or an investor looking for a buy-to-let mortgage that will ensure attractive rental returns. For buyers who have a reasonable deposit taking the time to compare mortgage rates will show that there are a lot of low mortgage rates available and good deals to be had.

Deal Direct are a whole of market mortgage broker and that is very important when you are searching for the best mortgage deals and trying to compare mortgage rates.