The odds are that you’ve stumbled across the term lender’s mortgage insurance and you’re wondering what it stands for. Well, you’ve come to the right place. This article will clarify this term, so that you can understand what it is, the concept behind it and the approximate costs. Let’s get...
Month: August 2019
What is a Mortgage Exit Strategy? Why You Must Have One!
When you’re applying for a home loan, your lender might want to know how you plan to exit it. After all, it is a lender’s job to make you understand that you do have to plan your loan repayments and so on. In this respect, you will need to come...
What is a Bank Comparison Rate? Does It Affect My Home Loan ?
In short, comparison rates determine what your loan will really cost you. They save you from the hard work required to compare and determine the costs of different loans. However, keep in mind that they shouldn’t be the deciding factor when you search for a loan. Also, remember that all...
Using Equity From Your Existing Property To Buy Your Second Property – What You Must Know!
If you own property and are relying on your savings to buy a property, then we advise you to stop right now and keep on reading – especially if you didn’t take equity into account. As you gain equity in your home, you can use it in order to build...
Quick Effective Tips to Save a Deposit to Purchase Your First Property – It’s Not That Hard!
Buying a home or a property may imply a deposit. You may come across home loans that require no deposit at all, but their approval criteria are known to be tough. Therefore, you are left with only one thing to do – namely, to save a deposit so that you...