Reasons to Use a Remortgage A remortgage is a mortgage used to pay off your current mortgage and is something that everyone should consider during their mortgage repayment period. But why? The first reason to use remortgage is to save money. Because mortgages are usually for a long period, a […]
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How to Choose the Right Lender when Refinancing a Mortgage
Homeowners who are looking for a better mortgage rate or terms may consider refinancing their home. Refinancing essentially means replacing your current mortgage with a new one. The refinancing process will be similar to when you applied for your first mortgage. That is, you’ll want to do some research to […]
What you Need to Know if You Are a Guarantor of a Mortgage or a Lease
Many banks require a guarantor when granting a loan to buy a home, but there are also landlords who request a guarantor for new leases. In this article, we will present what the guarantor needs to know about this standard procedure on the real estate market, which also has its risks. […]
What Happens When a Mortgage Goes to Underwriting?
Underwriting is the structured process by which financial institutions like banks and lenders determine and price the risk posed by potential borrowers in repaying a mortgage loan. Essentially, it is a systematic and detailed analysis of a borrower’s creditworthiness. The mortgage underwriting process consists of many stages from information gathering […]
How to Become a Mortgage Broker in NZ
What does a Mortgage Broker do? Mortgage brokers are professionals who assist people in purchasing a house or property. Among the many services they provide to a buyer, the mortgage broker will assess their client’s financial situation, discuss their goals, explain the requirements necessary to help achieve the goal, and […]
Finding and Choosing a Mortgage Broker – What to Consider
If you want to get a home loan or help when refinancing, it would be wise to use online mortgage lenders. They offer the lowest interest rates and always have a huge variety of loan programs. Buying property is a huge commitment for any person and mortgages usually last longer […]
How Can Small Business Owners Effectively Apply for A Mortgage?
Business owners may face several difficulties while applying for a mortgage. Some of these difficulties are unpreventable, while others can be dealt with. The biggest obstacle, however, lies in the path of small business owners, who cannot understand how their involvement in a limited liability corporation can affect their position […]
The Major Mortgage Mistakes People Make That Can Cause Big Problems
When we talk about mortgages, we’re talking about an extremely huge ordeal in order to lift ourselves from our financial woes. This means we have to think about the processes we’re taking in order to secure a good deal with the mortgage we’re planning to take. However, we can’t avoid […]
7 Elements of a Business Plan to Impress Mortgage Brokers
People, looking for investors to fund their entrepreneurial journey sometimes wonder if they really need a business plan. The answer is fairly simple. You always need a business plan to attract potential investors. Mortgage brokers have been around for decades, but many people seem to take them for granted. They […]
6 Things You Should Know Before You Sign Your Mortgage
Your home is the single biggest purchase you will ever make, though college tuition is a close second. The mortgage loan is the largest single loan almost all of us ever sign, and ignorance truly costs you. Here are six things you should know before you sign your mortgage. How […]
4 simple ways to use your mortgage as a financial planning tool
Like scheduling biannual visits to the dentist, it’s something most of us know we should be doing but aren’t: planning our financial future. The reason so many of us shy away from creating even a rudimentary plan that could guide us toward our next financial goalpost? Financial planning sounds a […]
Reverse Mortgages 101
There are so many mortgage products on the market, it’s hard to keep all of the options straight. Reverse mortgages are one of the options that are a bit of a mystery to most people. This guide will provide an enlightening overview as to what reverse mortgages are, the options […]