What is a Residential Mortgage?
A residential mortgage is used to purchase a property that you
plan to live in. The loan is taken out against the property and can
come in various forms, such as fixed or variable rate deals, and
repayment or interest-only options.
Usually, the buyer will need to provide a deposit for the home
they are buying with the lender covering the rest of the cost – you
will then pay the lender back, with added interest, over a set
period.
Many lenders will accept applications from borrowers directly, so
you can simply go through their range, pick out the mortgage that
you believe best meets your needs, and submit an application.
The words you are searching are inside this book. To get more targeted content, please make full-text search by clicking here.
Residential mortgage is used to purchase a property that you plan to live in. The loan is taken out against the property and can come in various forms, such as fixed or variable rate deals, and repayment or interest-only options. Usually, the buyer will need to provide a deposit for the home they are buying with the lender covering the rest of the cost will pay over a set period. To know more visit here https://www.centricbank.com/for-you/mortgage-loans
Discover the best professional documents and content resources in AnyFlip Document Base.
Search
What is a Residential Mortgage
- 1 - 1
Pages: