One can get great information on a first time buyer mortgage, through online resources. In fact mortgage advice is a regulated activity in many countries. If this regulation is applicable to your location, then it is surely good news to you. An authorized lender is more dependable and could be trusted to give you correct financial advice.

Literally hundreds of deals are listed on the Internet day in and day out. It is always advisable to go through most of these web sites, before making a decision. With access to the Internet, one can get access to independent advice companies. Use this information. This will enable you to talk the talk with your lender.

You could change your mortgage type: People's circumstances change over time, and what might have been an ideal mortgage a few years ago when you took it out might not be the most suitable for your current needs. Maybe you want to switch from an interest-only mortgage to a capital repayment one, or you might want to take advantage of some of the more recent features of mortgages such as flexible payments or offsetting - a remortgage can give you the chance to get a deal more in tune with your current circumstances.

It is always recommended to go for the services of a qualified, professional mortgage adviser, who is best placed to guide you in the right direction. They will be able to advise you on the potential pitfalls and benefits. Lowest first mortgage rates, though appealing, are subject to market risks. Interest rates may go up and real estate prices may come down.