Should you choose a long or a short repayment term for your mortgage?

You probably think you don’t have choice between a long or a short repayment term with your mortgage because you want to afford your monthly payments and you must you choose to spread your loan payments over a longer term of time, say 20, 30 years or more.

Of course, a [...]

Make an offer for Home Mortgage

When time comes to make an offer the house of your dreams, your real estate agent can give you information about the current housing market.

The real estate agent could also help you prepare your offer and communicate it to the seller. Sometimes, the house seller receives more than one offer at the same time. [...]

Banks analyze Home Mortgage Application?

In this article, you will learn the basic principles used by most banks to analyze your home mortgage loan application. Of course, other lenders analyze risk differently with less rigour, but what follows is used by many important banks.

First of all, remember that the interest rate banks request for your home mortgage is partly [...]

The best home mortgage rate: bank or mortgage dealer?

The title of this article may be a very good question! You might think that banks with whom you do business for several years will give you the best interest rates? Maybe… Maybe not.

A good example: Someone getting a mortgage

To better understand, let’s take an example. A customer who wants to buy a [...]