Before buying a home, you’ll need to consider what type of mortgage best suits your needs. Whether you are a first time buyer seeking a home for your family or a seasoned buyer making a purchase for investing purposes, we can help you find a loan that fits your financial goals. Learn more about the various loan options below: Fixed Rate Mortgage Fixed rate mortgage loans are exactly what they sound like: the rate stays the same for the duration of the loan, regardless of the market.
In a fixed mortgage, your monthly principal and interest payments remain the same for the life of the loan, usually 15 or 30 years. A 30-year mortgage will have lower monthly payments, but the 15-year allows you to repay the loan twice as fast, saving more than half the total interest costs. When Is A Fixed Rate Ideal? If you’re planning to settle down and stay in your home for the long term, a fixed loan might be your smartest option.
Not only will it help you afford more expensive properties but it can also provide you more time to build equity. The fixed rate mortgage allows for different timeframes. Choose from a 30-year mortgage, which will allow for lower monthly payments, or a 15-year mortgage, which allows you to repay the loan twice as fast. Adjustable Rate Mortgage With an adjustable rate mortgage, your monthly principal and interest payments remain the same for a certain number of years (usually five or 15).
If you do not refinance prior to the end of the fixed rate, the rate can rise or fall, depending on the state of the market. When Is An Adjustable Rate Ideal? Adjustable Rate Mortgages is a great option, if you don’t want to be tied down to your investment. If you plan to move or refinance before the term adjusts, an ARM can help you get a lower interest rate initially. It's important to take into account the housing market in your area and in general in order to decide if an ARM is a good choice for you: do you expect to easily be able to sell your home at a profit before the term adjusts.
VA Fixed Mortgage We work hard to provide affordable options for the people who have served and defended our country. If you’re a veteran or a member of the military, consider a VA Fixed Loan. A VA mortgage is available only to veterans and members of the U.S. military. The loan is guaranteed by the Department of Veterans Affairs (VA) and requires a low or no down payment., which allows for low to no down payment, and a faster payoff.
How To Qualify If you’re hoping to qualify for a VA Fixed Mortgage, you must acquire a Certificate of Eligibility from the government.See Also: Nissan First Time Buyer Program
An equipment is probably the most important investments you will ever make. Appliances are normally significant buys, and they are a single in the most significant aspects of your house. You rely upon appliances for every thing from cooking to cleaning, and especially contemplating the quantity of funds you can be placing forth for it, it only is sensible that you d need to be sure to take advantage of sensible buy.
Home appliances is a term which is applied extremely commonly right now but what does it stand for? Residence appliances stand to the mechanical and electrical items which can be applied at your home for that performing of a standard domestic.
Taking your first step onto the property ladder is an exciting time – but with so much to think about, it can be a little daunting. We believe everyone has the right to free mortgage advice, and as the UK’s top rated first time buyer specialist, we’re better placed than anyone to walk you through the process of buying your first home. We will provide you with a dedicated mortgage advice team who will be with you at every step of the journey.
They will calculate exactly how much you can borrow, how much everything will cost, and walk you through the entire purchasing process from start to finish. We also do all the paperwork – no heavy lifting for you! What's more, we will never charge you a penny for our service - we're 100% free and always will be. We offer a flexible service that gives you the power to choose how and when you want to deal with us.
Whether that’s online, over the phone, or in branch over a hot cup of coffee – we’re here to help, whenever you need us. We have exclusive 90-95% First Time Buyer mortgages to help make buying your dream home a more affordable reality, and with our unique “Best in market” mortgage promise, you have peace of mind we will find the best mortgage for you – guaranteed. Come and see for yourself, and join the thousands of happy first time buyers we help every single year.