If you’re drowning in debt there is a way to actually save money while still paying back your loans, even saving money with high-interest credit cards.
Would you buy a used car without having a mechanic give it a thorough once-over? Then you certainly wouldn’t buy a house without having a professional home inspection done first.
So just what is the minimum down payment you can make on a home? There is generally no minimum down payment required for buying a home, but remember the more you put down, the less your monthly payment will be.
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Interest only home loans have been under the spotlight recently, with some arguing that they have been the subject of a similar amount of miss-selling as was previously the case with endowment mortgages.
With an aging world, bank lenders have had to get creative if they want to continue making the same sort of returns they were making decades ago on their home loans. Fortunately for the banks, the perfect opportunity has arisen – the equity release home loan. Having worked all their lives paying into a pension fund [...]
So you are all excited about the prospect of buying a new home. Like many, however, you are unsure how bank determine whether or not to approve your home loan application.