Getting a mortgage

How does one find a suitable financial loan to finance a property that he wishes to buy? In most cases, people would want to take a look at the various mortgages that are offered by various financial institutions. Getting a mortgage is an important and necessary tool which every buyer has to obtain, as it gives the person the advantage of paying the initial payment at a lesser rate for the property. Therefore, selecting the right financial loan plan for your needs is certainly most important.

Check out this website called 1 Mortgages UK if you are looking for advice on which mortgage plan is suitable for your needs. The site offers information on the type of loans that you are able to take. Two types of loans are available, Personal Loans and Secured Loans. Now you do not have to worry about getting the financial assistance to purchase your property any longer as choosing these loans will enable you to purchase the property you desire.

    19 thoughts on “Getting a mortgage”

    1. Both my partner and i own our own homes, we live in his and rent mine out. How do we go about getting a joint mortgage to buy a bigger family home? Do we sell our houses first? What happens if one house takes a while longer to sell?

      We both have different mortgage providers.
      Would the fact that i have had my mortgage for less time than my partner matter? So many questions…..

      Thanks in advance.

    2. I bought a house a year ago and fixed it up while I was living n it. Now I want to buy a new house and rent my current one out. What are my options in getting a new mortgage; will it be a regular one or an investment mortgage?

    3. I’m fairly young, so I don’t know much about this subject but I want to have some sort of plan when the time is right. I wanted to know what I need to get a good deal on mortgage besides good credit, of course. Right now, my credit score is a little over 700. I don’t have any money saved for a down payment. For this, we can use a $500,000 house as an example. Thanks for your help!

      Oh, and there might be someone else getting into it with me but that’s not certain at this time.

    4. I just bought a house and have a loan for about 85% of the appraised value of the house. Is there a way of getting around mortgage insurance if you owe more than 80% of the value of the house? Thanks!

    5. How long do you have to build up credit for? Do you need to have maintained a certain amount of money in the bank for a certain period of time? Basically any info you can give me on getting a mortgage in Canada would be much appreciated; I might be relocating to Ottawa and could use all the help I can get!

    6. What do I need to do to know I am getting the best mortgage rate possible (just got an offer on a house accepted) – I live in Indianapolis, likely will get a 30 yr fixed. Any ideas on what kind of rate I should be looking for

    7. I want to live in Detroit where the real estate is cheap and work for a New York company to support myself. However, I was warned about upside-down the mortgages.What is the best way to avoid getting caught in an upside-down mortgage?

    8. I’m fairly young, so I don’t know much about this subject but I want to have some sort of plan when the time is right. I wanted to know what I need to get a good deal on mortgage besides good credit, of course. Right now, my credit score is a little over 700. I don’t have any money saved for a down payment. For this, we can use a $500,000 house as an example. Thanks for your help!

      Oh, and there might be someone else getting into it with me but that’s not certain at this time.

    9. WE are going to be selling our house after the holidays and have a ton of credit card debt. 25 grand worth. ( mostly from our fertility treatment) so we have came across some money and decided to pay off all our cards but keep them open. We will be saving money now thank goodness. So my main concern is will this affect our credit score in a bad way or is this a good thing to do. We both have great credit and pay our cards on time always. We just want to rid our debt so we can afford a bigger mortgage and get approved for it as well.

    10. I’m fairly young, so I don’t know much about this subject but I want to have some sort of plan when the time is right. I wanted to know what I need to get a good deal on mortgage besides good credit, of course. Right now, my credit score is a little over 700. I don’t have any money saved for a down payment. For this, we can use a $500,000 house as an example. Thanks for your help!

      Oh, and there might be someone else getting into it with me but that’s not certain at this time.

    11. My husband and I want to buy a house, but he is going to back to school in 4 months. Will getting a mortgage make it harder for us to get a student loan for his schooling?

    12. My husband has a good score, but my score is poor. We are applying for a mortgage next week. Will my poor score hurt our changes of getting a mortgage?

    13. My husband already has a mortgage and although his isnt great its better than mine, I have a very poor credit score with a ccj and a few defaults. I f we were to apply for a joint mortgage how would this affect the result?

    14. Is Occupation certifcate very important document for Financial institutions to sanction loan for resale flat ?

      On account of violation of building laws Builder unable to obtain the occupancy certificate after a prolonged wait requested his purchasers and handed over the apartments with power, water and sewerage connections, but Financial institutions insists on occupancy certificate to sanction loans.

      Is Occupation certifcate very important document for Financial institutions to sanction loan for resale flat or what other alternate method is available ?

      Financial institutions insists on occupancy certificate to sanction loans.

    15. the US government , as per Wiki, adopts the Fiscal Year with the last month being the 30/Sep of previous year. That is, New FY starts every 1/Oct. For research purposes, i’m wondering do most US financial institutions have same FY?

    16. I am allowed to take money from my retirement account for down payment and closing costs (withdraw). But am I allowed to borrow the money from the account?

      I know lenders will be different, but what’s the GENERAL rule?

      Thanks. I know I can ask my mortgage broker tomorrow, but this is really bothering me now!

    17. if i cant get the mortgage approved and have gaven the cash deposit, would I lose it if I cant get mortgage within 10 days.?

    18. I am a US citizen living in Ontario, getting ready to move to Florida. How long will I need to be at my new job (in the same field I am now) before I can get a mortgage? I have a credit score of around 740 and have 2 credit cards with very minimal balances.
      Thanks for the feedback. I work in an essential services field, so I am not worried about job security.

    19. Hey,

      Where should one get a mortgage directly from the bank or a broker?
      I guess the real question is where I can get the best deal?

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