Is a mortgage broker or a financial advisor better when you want help getting a good mortgage deal?
Feb 26, 2008 by Velouria | Posted in Renting & Real Estate
We know how much we want and know we can afford it, we just want to go over the options and get a good deal, but I don't know who would have more options, be more honest, etc. We are in the UK.
Any general mortgage/first home buying advice
The difference between a mortgage adviser and a financial adviser is the qualifications they hold. In order to give mortgage advice an adviser should hold the Certificate of Mortgage Practise whereas to be a financial adviser more qualifications are
Twinkles | Feb 26, 2008
I think they are all the same, although you should make sure they are independant and not just working for one bank. You should shop around. Contact a couple of people to see what they can offer you, and pick the best deal.
Don't just
Copper | Feb 26, 2008
I want to refinance my mortgage but it's owner financed. Is that a problem? How would I start the process?
Apr 10, 2009 by mary75862 | Posted in Renting & Real Estate
I want to refinance but I have an owner financed mortgage. Can I it refinanced?
You'll have to look at the terms of your contract. If there is no prepayment penalty, then I'd say go for it. If there is, weigh out the difference in saved/lost. You should have had a term length for payment in full when you set up your contract, usually
Tikalian | Apr 10, 2009
Take a look at your loan contract. Is there a payoff penalty? The owner may not want to sell the contract.
bonnie s | Apr 10, 2009
What percentage of your income should you spend on a mortgage? I dont want to overextend my budget?
Jul 11, 2007 by egaudetteumd | Posted in Renting & Real Estate
Im 25, I am in shock when i see my friends (same age, same entry level income) go out and buy 250k-300k houses like its nothing. They dont have 20 bucks to fill up the gas tank but they can afford 250k house??? I dont want to be in their position
A simple rule of thumb is no more than 30% of your income to mortgage. Keep in mind that the mortgage is only one part of the expense of owning a house - insurance, property taxes, maintenance, utilities also have to be paid. Then there's your personal
schazjmd | Jul 11, 2007