Some lenders prefer you to be a client already to get a 95% LTV (5% deposit) mortgage but the interest rate would be higher. Another option is to have their parents as guarantor. However, being a guarantor is a big commitment because they'll have to provide enough security to satisfy the lender, such as savings or their own home.
The 95% LTV mortgage option is ideal for young couples...
Buying your first home is exciting. It is also one of the biggest financial decisions you will ever make. If you are an Eastvale first-time home buyer, you may have many questions. How much house can you afford? Which neighborhood is right for you? How do you compete in a competitive housing market? Most importantly, how do you choose the right Eastvale Home Buyer Agent to guide you through the...
Buying A House Sounds Exciting Until Financing Starts
The process of hunting for houses is enjoyable in the beginning. Cafés. The houses are open. Listings are saved late into the late at night as if it's a form of entertainment. After that, financing is discussed and everyone is exhausted.
It's because mortgages can be a bit complex. Much more complex than what most consumers are...
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