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Mortgage

Different Types of Mortgages

A guide to 15 different types of mortgages on offer in the UK. From Standard Variable Rate mortgages to more unconventional mortgages such as Current account and self certification mortgages 1. Standard Variable Mortgage The most common type of mortgage. Mortgage payments depend on the lenders SVR. This is usually …

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Tips For Locking in the Best Home Mortgage Rate

Tip #1: Always Shop For Home Mortgage Rates Don’t blindly accept a Realtor or Builder referral to apply for a Home Mortgage through their preferred lender. Many times they will say, “We work closely with this guy and he gets the job done”. Translation: “We play golf together and he …

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Glossary of Mortgage Terms

Additional Security Fee An Additional Security Fee (Mortgage Indemnity Guarantee policy) is the fee taken to get an insurance policy that will cover your lender so that if you default on payments, he will not suffer any loss. You have to pay the Additional Security Fee and the premium along …

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