Selling Your Spouse On The Idea Of A Remortgage

by : James Copper

Honey, I think its time to remortgage, Larry said. His wife, Harriet, wasnt moved, though, and quickly squelched the idea with a disgusted look and a quick move to another room in their house. And so they kept their current mortgage and Larry never said anything about remortgage opportunities again.

Dont allow what happened to poor Larry to happen to you Larry wasnt prepared to sell Harriet on the concept of pursuing a remortgage, and so she ended up walking all over him... and losing the couple serious amounts of cash

Instead of starting a conversation regarding remortgage without having any backup information, its important to learn all you can beforehand about remortgage so you can wisely and intelligently discuss the topic. Here, well look at a few things you need to know to sell someone else on the concept of a remortgage with ease.

Remortgage Selling Point number 1: Lower Interest Rates

Before you approach your spouse about a remortgage, do a little research and find out the going interest rates of at least three lenders. He or she may be shocked to learn that youre currently paying significantly more than you need to hence, a remortgage could mean a sizeable savings.

Remortgage Selling Point number 2: Debt Consolidation Options

Many remortgage lenders are now offering customers debt consolidation options this means youll only have one payment to make each month, covering most of your creditors. Its the perfect option if you find that youre always strapped for cash and are ending up making the bare minimum payments on your credit cards.

Remortgage Selling Point number 3: A New Lender, A New Experience

Perhaps you havent been overly happy with your current lender. A remortgage could become the perfect way to end a bad relationship and begin one where you and your spouse will be treated with the courtesy and respect you deserve. Never underestimate how much better another company can treat you the difference can be quite noticeable, right from the beginning.

Remortgage Selling Point number 4: A Remortgage is Fast and Relatively Easy

Unlike when you got your mortgage on your property, a remortgage is like the proverbial piece of cake. You probably wont even need much of a home inspection to get a remortgage, and the whole remortgage process usually takes a few short weeks to accomplish.

Remortgage Selling Point number 5: The Chance to Rebuild Poor Credit

Finally, if you and your spouse have been plagued with terrible or even less-than-perfect credit for a long time, a remortgage can afford you the opportunity to finally start building your credit ratings. This is especially true if you choose a remortgage as part of a debt consolidation package or deal.

In the end, its important for you to not become like Larry. Look into remortgages and be prepared to sell them to your significant other when the time comes If he or she seems hesitant, just remind him or her that you can always take a nice weekend vacation with the money youll save the first year