Whether you’re looking for cheap mortgages, remortgages, or just plain mortgages, make sure that you know what you’re getting into. A few years back we signed up for an adjustable rate that was fixed for the first few years. It worked for us because we knew that we wouldn’t need to mortgage for more than those first years. Now we’re in a fixed because it worked better for us.

No matter what you do, always assume that the worst is going to happen and then plan from there. If you keep that in mind, you won’t end up like so many people out there with a $500,000 loan on a $300,000 house.

P.S. Make sure you read all the paperwork.