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…
Are you working towards securing a mortgage in order to buy a house? Here is what you can do in order to get ready to apply for a home loan and be successful! Create a budget. Saving for a house deposit and being prepared to pay mortgage payments over time means having a strict budget.…
Your credit rating will impact the mortgage you will be able to get. Having a low credit rating will mean you may have significantly less favourable terms for the loan, or may not be approved at all. Here are the factors which come into play when it comes to your credit rating Payment history Current…
Knowing where you stand with your budget, so you know how soon you can save up a house deposit and what you can afford in terms of mortgage repayments, as well as other costs associated with buying and owning a home. To work this out you will need to start by tracking and assessing your…
Find a real estate agent you can trust. It makes all the difference to have a professional real estate agent walk through the process with you step by step. Thoroughly investigate mortgage options, find the best one before and get pre-approved for a loan. Make a realistic estimate of the sale price you can afford,…
Looking for your new home can be a challenging experience. Here are a few tips to keep in mind as you set off on house hunting. Before anything else, make sure you are prepared before you start seriously house hunting. There’s nothing worse than finding the perfect home and missing out because you don’t have…
Like any industry, Real Estate has its own language of jargon and terminology. Agents are categorised as either a seller’s agent or a buyer’s agent: Seller’s agent or seller’s representative: this is the Real Estate Agent hired by the seller of the property usually under the terms of a listing contract, and they represent the…
Choosing the right Real Estate Agent for you can make a world of difference, not to mention making the best deal for you! Here are the questions you should ask any agent you are considering working with to buy a home. How long have you worked as Real Estate Agent? Is this your full time…
Once you’ve decided to buy a home, the next question you will ask yourself will be ‘Do I really need to hire a Real Estate Agent’? Hiring a professional, licenced Real Estate Agent can make an incredible difference to your experience of buying a house, as well as the price you are able to secure.…
Tax benefits: There are many tax benefits to be gained from owning a house, including tax deductions on interest payments and other costs associated with owning your home. Value appreciation: Real Estate has been proven to have long-term, sustainable growth which means you will see an increase in the value of your assets over time. With…