A flexible mortgage is a secured loan, which can be paid back in differing amounts while providing access to the housing equity (within pre-agreed limits). There are five key features with a flexible mortgage: the ability to pay the mortgage off early through overpayments or lump sum payments, the ability to borrow money back by [...]
Posts Tagged ‘Mortgage Interest Rate’
Mortgages and Remortgages – Which One Will Suit My Circumstances?
If you’re using a mortgage to buy your home but are not sure which one will suit your needs best, read this handy guide to mortgage types in the UK. Taking out a mortgage has never been easier. Fixed Rate Mortgages – the lender will set the APR (Annual Percentage Rate) for the mortgage [...]
Rent Or Buy – Ask A Mortgage Broker
Mortgage brokers are more important in today’s market than ever before.Without good advice, losing your home to banks carrying out repossession is a strong possibility and this is where mortgage brokers should come into their own.Losing a job or the break-up of a relationship are the most common causes of repossession but for many reasons [...]
Three Common Misconceptions of Mortgage Brokers
Some first time home buyers opt to obtain a loan directly through their local bank branch rather than employing a mortgage broker. The reason why this may occur is because there a few misconceptions associated with the mortgage broker profession. In reality, mortgage brokers and their respective brokerages have come along way from the days [...]
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