APR Explained & How APR Works
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Also, remember that the cheapest mortgage rate isn't always the best one for you. To make a fully informed decision, look not just at the rate and the term, but also how much it will cost upfront in mortgage fees, whether the lender will allow you to remortgage if rates become lower in the future, and anything else that you find important. Be on the lookout for incentives, too, but don't be swayed by them - the true cost of the mortgage, including the rate and fee, is what counts.
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