A mortgage is likely the largest single financial commitment you will make. So you can’t sign off on the first offer that presents itself. You need to shop around to find the mortgage that is the best match for your circumstances. But that takes time. In some cases a lot of time. If you are…
First time home buyers in particular are often faced with the question of whether they should work with a mortgage broker or directly with a bank or other lender. There is no one-size-fits-all answer to this question. It depends on your particular circumstances. Below we’re going to look at both sides of the question: Is…
Mortigo, a brokerage based in Croydon, is a new sponsor for the Tooting & Mitcham United Football Club in their upcoming season. [London, 07/09/2021] Mortigo joins the list of sponsors of community-based Tooting & Mitcham United Football Club or The Terrors for their upcoming season. They are a whole of market brokerage that helps connect…
Lenders seek one thing above all else in the people they lend money to: stability. A person with a stable job, stable income and stable home life is more likely to be approved for a mortgage than someone who changes jobs every year and sees his or her income fluctuate. Also, if you’re a single…
If you are hoping to buy a house but have recently changed jobs it could throw a wrench into your plans. “Could”, however, doesn’t necessarily mean it will. Only that you can’t assume everything will be fine. Below we’ll explain the process of getting a mortgage with a new job. Is Getting a Mortgage With…
When they hear the word “mortgage” most people understandably think of a huge loan secured from a bank for the purposes of buying a home. But what if you already went through that process, completely paid off your mortgage and own your home outright? What are your options when it comes to mortgaging a house…
Because interest rates these days are so low compared to where they were 20 years ago, the incentive to pay off a mortgage faster is not as strong today as it was then. But there are still plenty of benefits in crawling out from under a mortgage early. The question though, is how do you…
A mortgage in principle also called a “mortgage promise”, an “agreement in principle” or a “decision in principle” is a statement from a lender that essentially says they would, in principle, be willing to lend you X amount to purchase a home. The mortgage in principle is not binding upon the lender, but it may…
A more accurate term for the “new normal” would be “not normal” as nothing during the past year or so has gone according to plan. Millions have been furloughed, governments have printed money at a furious pace to cover the cost of lockdowns and the housing market, which should be mired in a deep recession,…
Getting a mortgage is not as simple as choosing a lender and signing on the dotted line. There are any number of things you need to be mindful of that could torpedo your application. Read the following tips for getting approved for a mortgage in order to give yourself the best possible chance. CLEAR UP…