I can totally understand why people would be confused now a days by all of the different kinds of mortgages that are being offered. According to research that was done in the U.K., states that 2/3 of people claim that they would be confused and would find it extremely difficult to choose which mortgage would be best if they had to make their decision on it tomorrow. This figure is somewhat alarming to me, but at the same time, it makes me feel as if I am not as stupid as I felt when I went through that same process 8 years ago. Boy did I feel inadequate when we purchased our house and then once again when we refinanced a few years ago. We muddled through but it was not what I would call a pleasant experience, but certainly worth it all in the end.
It seems the shaky economy is making homeowners from all around the world feel very uneasy about making the choice of which mortgage would be in their best interest. Mortgage companies can be a bit intimidating but if the chance comes around in the near future that we would benefit from refinancing once again, I know this time that I will need to talk to a lot of people that I gratefully have access to – you know, a couple of friends and a few family members in the business. And I certainly would educate myself before even attempting to start talking with a lender. And really now with the Internet we have all of that important information right at our fingertips and I would certainly make good use of it for such a huge investment such as home ownership.