Surveyors UK’s Post

Tip for the day !!5 things to avoid if you want to boost your mortgage chances n the second of our two-part series on the do’s and don’ts of mortgage applications, Gemma Bennett of The Mortgage Mum offers more tips to help would-be home buyers make their dream purchase @gemmabennett @mortgagemum https://lnkd.in/dpdNqguy

Mortgage rates are down ⬇️ which means you could be saving hundreds of 💸 per month on your mortgage! If you purchased a home 🏡 in the last couple years🗓️ OR considered purchasing and thought rates were too high, let’s chat! I can connect you with lenders who can help!! #realestate #capecod #mortgage #rates #homebuying

Paying off your mortgage early seems like an easy decision, but there are several factors you should consider.

When shopping for a home, it's important to be aware of all the fees you’ll potentially have to pay to be best financially prepared. In order to get your mortgage approved and allow you to buy your home, you’ll have to pay mortgage fees. These commonly fall under the umbrella of closing costs. While it’s difficult to put an exact number on how much you can expect to pay, here are the mortgage fees that you’re likely to pay:     -Appraisal  -Credit report fee  -Inspection  -Title search  -Survey  -Lender’s title insurance  -Closing fee    In addition, here are some fees that you may have to pay, depending on varying factors:    -Origination or processing fee  -Flood certification  -Attorney fee  -Application fee  -Underwriting fee  -Points 

Advantages & disadvantages of a second mortgage

Advantages & disadvantages of a second mortgage

Advantages & disadvantages of a second mortgage

Advantages & disadvantages of a second mortgage

Did you know there are lenders who offer "introductory" insured 6 month mortgage term? WHAT ARE THE BENEFITS OF A 6 MONTH MORTGAGE? *6 month terms are offered at a discount to regular mortgage rates, even if temporarily *A lower introductory rate improves purchasing power *No re-qualification at the end of 6 months *A 6 month rate enables borrowers to get used to paying a mortgage and be able to budget for the next 6 months until renewal CONS *Borrowers MUST renew with the lender who offered the 6 month term otherwise face steep penalties! *It is unknown what the rates will look like in 6 months and may be dramatically higher than the 6 month term If you're interested in this type of product, let's book a call to see what you qualify for! Nicole Reynolds Mortgage Broker Rock Capital Mortgage ph: 289-288-0091 #6monthmortgage #buyyourdreamhome #mortgages #mortgagebrokerburlington #mortgagebrokerhamilton #mortgagebrokerniagara #FTHB #nicolereynoldsmortgages

New Mortgage Rules For First-Time Home Buyers🏡 Effective August 1st, 2024, FTHB's who purchase new builds can now qualify for a 30-year amortization period on insured mortgages, giving them five additional years to pay off their mortgage (resulting in lower monthly payments). A decision made by the Federal Government to help more Canadians unlock the door to their first home. While this may not significantly change how borrowers qualify, it certainly is a positive step in the right direction.🙏🏻 Our mortgage professionals over at Sherwood Mortgage Group are here to answer any questions you may have, assist with pre-approvals, and can offer a wealth of knowledge on extensive financing options that they specialize in. Your new home may be closer than you think! 😉