With First time buyer mortgage you can be a proud homeowner
You have always been dreaming about owning a house since long but you continue living in a rented apartment for long shelling out huge amount each month as rent because of limited financial resources.
If lack of financial resources is keeping a first time buyer away from his/her dream home. A first time buyer mortgage can help in fulfilling your dream by making your dream abode your own.
Mortgage loans are basically the loans which aid you to buy a home. These loans are lent against the equity in your house. And they let you be the owner of a residence well before you thought it was possible.
A first time buyer mortgage is designed for people who are buying a house for the first time. First time buyers are required to pay a part of the cost as down payment and the rest is remunerated by the lender. As the home bought acts as collateral the loan has low rate of interest. The longer repayment period brings the monthly installment amount to a lower side making the repayments easier and regular. Your equity or ownership in the home increases with the repayments.
Bad Credit Mortgages are like other mortgages but are designed for people with bad credit record. An adverse credit can happen due to various factors like:-
Collecting information on mortgages through Internet is a very good idea and it will save you a lot of your time and money.
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|THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. ALL LOANS ARE SUBJECT TO STATUS.|