Do You Need a Special Mortgage for Airbnb?

It is true that the process of buying a residential home and an Airbnb rental property is a little different. First and foremost, it is always good for local communities when the residents are also homeowners. Therefore, the government backs various loan programs that help people interested in becoming homeowners to qualify for mortgages.

AirBnB mortgage

These programs tend to be a little more forgiving when applicants have lower credit scores, bigger debt-to-income ratios, and even lower incomes. Anyone interested in buying an Airbnb investment property is going to be measured by a different yardstick. The good news is that there isn’t any specific ‘special’ mortgage that has to be used for the purchase of Airbnb properties.…

Continue reading

4 Facts About Working with a Mortgage Broker

When you have already narrowed down the search to find the house of your dreams, and now you just have to decide on the best mortgage option for you, you want to get the keys as soon as possible. However, it is understandable that you may have many doubts and questions about it since you possibly have no experience or up-to-date knowledge in this field.

Working with a mortgage broker

The best solution in such a situation is to find a specialized expert, like The Mortgage Broker, who will help you to make this difficult choice. You may have never heard about such a profession before, so we have prepared a list of four facts that should be helpful in understanding it better.…

Continue reading

Best Online Mortgages of 2020

Mortgages are a common thing for the past decades, mainly to finance a home.

A mortgage is a loan needed to but a property. The loan extends for a period of time, during which monthly payments are made to refund the loan plus the interest. The property is the residence that is being financed through that loan.

Online mortgage loans

Then there are the borrower, the lender, and the interest the borrower has to pay as a financial charge for using the lender’s money, apart from the loan itself.

What should I look for in an online mortgage

Moving online for a mortgage is easy, fast and very convenient.…

Continue reading

7 Tips To Secure The Mortgage For Your Dream Home

If you are securing a mortgage for the first time, things can be very confusing and challenging. But fear not, these seven tips can help you in getting started on the right foot. Without further adieu, here are the tips:

Securing mortgage

1. Clean Up Existing Debts

Most commonly, a mortgage will be the biggest debt you and your family have ever taken on. If you have existing debts or loans, these should be paid back first. This will not only ease the financial burden on you, but it will also make it more likely that you get approved for a mortgage.…

Continue reading

6 Factors to Consider When Choosing a Mortgage

Getting approved for a mortgage is often easier said than done. That is why you need to work with someone that can help you assess the practicability of the purchase of a home. To get the best mortgage, here are 6 factors that you need to put into consideration.

How to choose a mortgage

1. Issues that will affect your approval

Most lenders will not agree to give you money until they see the house you are interested in. Why? This is because they must know the total cost of ownership. This covers the actual price of the home, maintenance fees, any stamp duty fees, and other fees associated with the purchase of the house.…

Continue reading

Are You Ready for a Mortgage?

As a CEO, you’re used to making some big decisions. Every day, you’re responsible for securing the future of your business, and for helping it to thrive. However, sometimes the most momentous choices that you have to make affect your personal rather than your professional life.

Taking mortgage

The money that you earn from your enterprising endeavours won’t just sit in your bank: you’ll use it to support, improve, and attain the lifestyle that you want. When your enterprise is doing well, you might choose to upgrade your home, and this is where one of these big decisions rears its head.

The question: are you really ready to upgrade?

Continue reading