Questions to ask when choosing a lender

Buying TipsBy Hassan PharaonOctober 1, 2018Leave a comment

Applying for a home loan can be confusing and daunting, especially if this is your first time buying a house. Here are some questions you could ask your mortgage broker to make sure you are clear on the process (and get the best deal). What is the most common mortgage you offer? Why? What type…

Vocabulary: Loans and Lending terms

Buying TipsBy Hassan PharaonOctober 1, 2018Leave a comment

Term – this is the length of your home loan or mortgage, which could be 25 years, 30 years, or something else. Longer term mortgages usually have a lower monthly payment, but you will pay more interest over the life of the loan. Fixed interest rates – fixed interest rates (generally) do not change over…