The importance of structuring your mortgage
So you’ve taken the big financial step forward and decided to get onto the property ladder. You have that all important 20% deposit for your property and taken your mortgage out for a 30 year term.
So you’ve taken the big financial step forward and decided to get onto the property ladder. You have that all important 20% deposit for your property and taken your mortgage out for a 30 year term.
Hopefully you are aware what equity means but a quick explanation for those that don’t. It’s essentially the difference between the RV (registered valuation) of your property and the amount of the mortgage owed to the Bank.
Applying for your first mortgage can be daunting!! There are all sorts of acronyms and terminologies, not to mention all the lending requirements to get your head around. If you’ve not had a lot of exposure within the finance industry and can all seem a little confusing.
I've put together my top 3 tips that I know work to help you get into your first home sooner. Just enter your email address below and the report will be on it's way to you.
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