Each year the adjusted calculation for actual cost-of-living tends to rise. People are getting problem with their financial condition. Life today become harder and harder. You may have a plan to open a new business this year, but you should cancel your plans because you haven't enough money.
In this condition, people usually will borrow some money from the mortgage lenders. But, you have to be more selective to find the best ones which offer you with the best interest rates so that you wont get a new problem in the next days.
The amount of interest is generally around 2%. The next interest will increase in order to maintain the margin of profit. You may consider to find mortagage which offer Fixed Interest Rates. With this type of mortgage, the interest rate is usually fixed for a limited amount of time. The advantage to the borrower is that the mortgage repayments are known or fixed, and there will be no unpleasant or even pleasant surprises.
Learn more about Fixed Rate Mortgage