A mortgage usually comes with huge interest rates. However, sometimes there are periods during which these rates are lowered. It goes without saying that you should take advantage of them immediately. It can so happen that you don’t actually know [...]
Today, we will discuss interest-only mortgages, the way in which they work, as well as the risks and benefits associated with making this financial decision. To start with, when it comes to an interest-only mortgage, the repayments will cover the [...]
Comparison rates are a fantastic way of making sure that you won’t overspend on a loan and that you’re getting nothing but the very best deal there is. You’ll have to check them out no matter if you’ve taken your [...]
We live in a day when no one can go around without a home loan. Sadly, our monthly income doesn’t allow us to pay for a house right off the bat. Therefore, if we want to own a house, we [...]
If you thought that home loans only came with “borrow a sum, pay that exact sum back,” you are highly mistaken. A loan is more or less a favour – and no one does favours for free. You’ll still have [...]
Tip #1: Pick the right loan for your needs Do you want the option to repay the whole loan earlier than expected? If so, then a variable-rate loan may be the better choice, as they tend to be [...]
“Gearing,” by definition, simply means to borrow money to buy an asset. For instance, when you take out a loan to buy a property, that’s gearing. Basically, there are three types of gearing: Negative gearing, where the interest you’re paying [...]
Your credit card will affect your loan application. Unfortunately, most borrowers assume it will not affect their borrowing capacity because they pay off their credit card debt every month. This article will explain how your credit card will lower your [...]
Buying the house of your dreams implies more costs than the initial price tag of the property. All responsible buyers should be knowledgeable regarding the hidden costs linked to purchasing a house. Stamp Duty To start with, stamp duty [...]
When you are in the market to buy a home, you'll realize pretty quickly that there are a lot of important decisions to make. One of the most fundamental of those decisions involves how you want to repay the loan [...]
