Northern Mortgages

Ever wondered how mortgage interest works? 🏡✨ When you take out a mortgage, you're borrowing money to buy a home. The interest is the cost of borrowing that money. It’s calculated as a percentage of the loan amount and added to your monthly repayments. 📈💷 🔍 Key Points: Fixed vs Variable Rates: Fixed rates stay the same, while variable rates can change. Amortisation: Your payments cover both interest and principal, gradually reducing your debt. Impact of Credit Score: A better credit score can get you a lower interest rate. Understanding mortgage interest can save you money and help you make informed decisions! 💪🏠 Book a 30-minute chat: https://lnkd.in/drYbANz2 * YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. #MortgageTips #HomeBuying #FinancialLiteracy

Understanding Mortgage Costs 🏡 Thinking about getting a mortgage? 🤔 It's important to know all the costs involved. Here are the key expenses to keep in mind: 1. Deposit: The upfront amount you pay towards the property. Typically 5-20% of the purchase price. 💷🏠 2. Interest: The cost of borrowing the money, usually expressed as an annual percentage rate (APR). 📈💸 3. Mortgage Fees: These can include arrangement fees (Northern Mortgages doesn’t charge you any fees), valuation fees, and legal fees. Make sure to check the fine print. 📑🔍 4. Insurance: Buildings insurance is usually required, and you might also consider contents insurance. 🏠🛡️ 5. Stamp Duty: A tax on property purchases over a certain value. The amount depends on the property price and your circumstances. 🏷️💰 Knowing these costs can help you budget better and avoid surprises. Consult with a mortgage advisor to get a clear picture of what you'll need. 🏠💡 Book an appointment: https://lnkd.in/drYbANz2 * YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. #MortgageMyths #MovingToBelfast #NIPropertyMarket #BelfastMortgageHelp #BestMortgageDealsNI #NIMortgageBroker

Top questions to ask your Mortgage Broker 🏡 Getting a mortgage can be a big step, and asking the right questions can make all the difference. Here are some key questions to ask your mortgage broker: 1. What types of mortgages do you offer? 🏦 2. What is the interest rate and APR? 📈💸 3. Are there any fees I should be aware of? 📑🔍 4. What is the minimum deposit required? 💷🏠 5. Can I make extra payments or pay off my mortgage early? 🕒💰 6. What happens if I miss a payment? ❓📅 7. How long does the application process take? ⏳📝 8. Do you offer any special deals or discounts? 🔑✨ Asking these questions can help you understand your options and make the best decision for your financial future. 🏠💡 Book a 30-minute chat: https://lnkd.in/drYbANz2 * YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. #Mortgages #NorthernMortgages #BelfastMortgages

#TestimonialTuesday Thanks for the lovely review, Roisin. PS: Did you know? We're fee-free, which means no matter what work we do for you, we'll never charge you a penny. Book a 30-minute chat now: https://lnkd.in/drYbANz2 * YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. #BelfastFirstTimeBuyer #MovingToBelfast #NIPropertyMarket #BelfastMortgageHelp #BestMortgageDealsNI #NIMortgageBroker

❝ How do I remortgage my home and when should I consider it? ❞ 🗯️ Watch: Rachael explains the remortgaging process and when you should consider it. 📲 Need mortgage help? 🙋♀️🙋♂️ Book a 30-minute chat: https://lnkd.in/drYbANz2 * YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. #MortgageBroker #NorthernMortgages #BelfastMortgages #NorthernIreland

#MondayMotivation Book a 30-minute chat: https://lnkd.in/drYbANz2 * YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. #Mortgages #NorthernMortgages #BelfastMortgages

We’re delighted to once again be a drop off location for the Digg Deep For Kids Christmas campaign, which launches today. ❤️🩷 This is a fantastic charity that raises money for local families and children in need. 🎅🎄 Last year, with your help, the charity raised an incredible £190,244.54. 👏 Here’s what you need to know 👇 ✔️   Gifts can be donated at our Falls Road office. Our address is: 243 Falls Road, Belfast, BT12 6FB. ✔️ Gifts for children aged 7-18 are especially needed. ✔️ Gifts suitable for children of all ages and gender-neutral gifts are needed. ✔️ All gifts should retail between £10 and £50. ✔️ Gifts must be new and unwrapped. ✔️ The charity doesn’t accept food (e.g. selection boxes) due to allergy risks. ✔️ A full breakdown of what the charities need most of all is available on the Digg Deep For Kids website: https://lnkd.in/d5pRBRjx #diggdeepforkids #diggdeep #diggmama #cashforkids Caroline O'Neill Cash for Kids

Mortgage Myths. ❌ ❝ All lenders require the same documents. ❞ Wrong. 🙅♀️ The truth: 👇 Different lenders have different documentation requirements. ________ Do you need help with your mortgage? 📣 We’re always happy to help, and we’re fee-free. That means you’ll never get an invoice from Northern Mortgages. 🔥 Book an appointment: https://lnkd.in/drYbANz2 * YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. #MortgageMyths #MovingToBelfast #NIPropertyMarket #BelfastMortgageHelp #BestMortgageDealsNI #NIMortgageBroker

Tips to pay off your mortgage faster! 🏡 Want to own your home outright sooner? Here are some smart strategies to help you pay off your mortgage more quickly: 1. Make Extra Payments: Even small additional payments can reduce your mortgage faster. 💷✨ 2. Bi-Weekly Payments: Switch to bi-weekly payments instead of monthly. You'll make an extra payment each year! 📅 🔄 3. Lump Sum Payments: Use bonuses, tax refunds, or any windfalls to make lump sum payments. 💰🎉 4. Refinance to a Shorter Term: Consider refinancing to a shorter mortgage term with higher monthly payments but less interest overall. 📉🏠 5. Cut Unnecessary Expenses: Redirect savings from cutting down on non-essential expenses towards your mortgage. 🛍️➡️🏡 Every little bit helps. Consult with your mortgage advisor to find the best strategy for you. 🏠💡 Book a 30-minute chat: https://lnkd.in/drYbANz2 * YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. #MortgageTips #Belfast #NIProperty #HomeOwnership

How long does a mortgage last? 🕰️ Thinking about getting a mortgage? 🤔 Here's what you need to know about mortgage terms. Most mortgages last between 25 to 30 years. 📅 However, you can choose shorter or longer terms depending on your financial situation and goals. Shorter terms (15-20 years): Pros: Pay off your mortgage faster and save on interest! 💸 Cons: Higher monthly payments 💷   Longer terms (30-40 years): Pros: Lower monthly payments, making it easier on your budget 💰 Cons: Pay more interest over time 📈 It's all about finding the right balance for you. A mortgage advisor can help you decide the best term for your needs. 🏠💡 Book a 30-minute chat: https://lnkd.in/drYbANz2 * YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. #MortgageTips #Belfast #NIProperty #HomeOwnership