What is a mortgage calculator, and how can it help me
I was sat at home, waiting for the doorbell to ring. I had recently phoned my bank, and enquired about life insurance and mortgage products, so they quickly arranged to send over one of their people to talk me through the range of products that they had. Well, I heard a car pull up, so looked out of the window to see a rather slimy man in a navy suit getting out of a BMW. Not a good start, as I immediately felt that this was going to be a rather tedious experience. I was certainly not going to be disappointed. After the usual introductions, it was time to get down to business, which in fairness was not too much of a problem. My life insurance needs were quite simple, and he was able to pull out a reasonable quote for that rather quickly. The only problem was that there was only one option, and that for me was not something that I was particularly pleased with, but at least it would give me a yardstick. The mortgage details again didn’t seem to difficult, I wanted a 25 year repayment mortgage and I had indicated that I would not need a mortgage of more than 50% of the value of the new house that I was moving into. This all seemed pretty simplistic to me, other than then he started to try and push me into taking an endowment mortgage, well I had already clearly stated that I did not want that type of mortgage, and that it should all be rather simple.
Online information calculator
However, it all got a little stuck, as I got the distinct impression that he really didn’t give a stuff about my needs. We eventually closed the meeting, with nothing achieved, other that wasting 3 hours of my day. I decided to look at Go Direct as a friend had recently used them, and suggested that their mortgage calculator was a great introduction into finding my requirements. The mortgage calculator was easy to use and find, and allowed me to tap in my requirements. The great thing about Go Direct is that they are able to give quotes from a number of providers, so they are not only interested in selling only one product, unlike many other banks. The Go Direct website gave me a range of products from different providers, and also gave me clear information about the terms and conditions of each product. At no point was I being told what I wanted, as it was me that was punching in the information. One can only wonder that with such tools like the mortgage calculator, what role people like the earlier salesman have in the future. For me, I felt significantly more comfortable in getting the information on-line as it providing a refreshing change to the usual hard sell tactics associated with this particular sector.