What is a Mortgage?

What is a Mortgage?

Mortgage loans use real property as collateral and allow the lender to foreclose in case of default, effectively seizing it back. Mortgages come in all forms and rates, with principal, interest, taxes and insurance (PITI) as the core components. Lenders will collect these payments and hold them in an escrow account until … Read more

How to Get Pre-Approved for a Mortgage

How to Get Pre-Approved for a Mortgage

Are you looking to buy a home and have started the process of obtaining a mortgage? If so, you may have heard of the phrase “pre-approval”. Pre-approval is an essential part of the home buying process, and is the first step towards securing a mortgage. It is recommended that you obtain pre-approval … Read more

How to Get a Lower Interest Rate on Your Mortgage: 7 Simple Tips

How to Get a Lower Interest Rate on Your Mortgage: 7 Simple Tips

Mortgage interest rates are at an all-time low, but that doesn’t mean that everyone is taking advantage of the situation. If you’re one of the many people who are still paying too much for their mortgage, then it’s time to act! In this blog post, we will discuss seven simple tips that … Read more

How to Arrange a Mortgage as a Self-Employed Borrower

How to Arrange a Mortgage as a Self-Employed Borrower

Unlike other financial borrowing options, a mortgage is an excellent financial aid for a self-employed borrower for good reasons. It has lower interest rates than other unsecured borrowing options, and if you choose fixed monthly repayments, you can accurately use interests for business forecasting and planning.  Because most banking mortgages have different … Read more

Can I Get a Mortgage on a House That Has Been Underpinned?

Mortgage on a House That Has Been Underpinned

Yes, you can. The question is, why would you want to do this? If the house hasn’t been damaged by subsidence, it may be cheaper to repair the original damage rather than go through all the expensive hoops that come with underpinning to have a new mortgage in place. Again, you’ll probably … Read more

3 Things to Know About Digital Mortgage Website and Process

Digitalization has shifted the provision of services from manual to online. Most users that benefit from digital services do not understand the entire concept. The primary understanding is that it allows online application. Well, that is true, but there is more to digital mortgage website and process among other online services. The … Read more

5 Tips for lowering your mortgage payment

mortgage payment

Owning your own house is a really big milestone for almost all adults. It is probably going to be the most expensive investment anyone can make. But there are times when the burden of paying for your mortgage may be too much. It may be because you have a sudden emergency like … Read more