Tag: mortgage
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How long does a mortgage in principle last? Get the lowdown from the experts
A mortgage in principle (MIP) – also known as an agreement in principle (AIP) or decision in principle (DIP) – is well worth getting before you start viewing homes for sale. But it’s crucial to be aware of how long a mortgage in principle lasts as there’s a limited period in which it’s valid. While…
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Can You Sell a House for Cash if You Still Have a Mortgage?
You want a hassle-free sale, but lingering mortgage payments can complicate things. Can you still sell your property for cash? Absolutely. In this post, you’ll discover straightforward steps to make it happen. First, confirm your payoff to know your exact financial target. Then, find a reliable buyer who understands your urgency. Whether you owe months…
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First-Time Homebuyers: Finding the Right Mortgage Lender
Buying your first property is undoubtedly exciting, but it may also feel overwhelming, especially regarding mortgages. Finding a suitable mortgage lender will be necessary to buy a house in Puerto Rico. If you are unsure about locating suitable mortgage lending service providers and ways to get started, do not worry. Researching Puerto Rico mortgage lenders…
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Can You Sell a House for Cash if You Still Have a Mortgage?
You’re wondering if you can sell your house for cash, even though you still owe on your mortgage. The short answer is a confident yes indeed. By strategizing your closing date and working with an experienced team, you can settle your existing loan while still benefiting from an all-cash offer’s incredible speed. “You can finalize…
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Does spray foam insulation really prevent you getting a mortgage? We asked four major mortgage lenders
You might have heard that spray foam insulation in a property can affect your chances of getting a mortgage or invalidate your home insurance, but is this true? Spray foam insulation has gained popularity as an energy-efficient solution for homeowners, but numerous reports have come out that it can have significant implications for mortgages and…
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Mortgage price war heats up as rates fall below 4%: homebuyers urged to act fast
A mortgage price war has erupted among major UK lenders, with Santander, Barclays, and Nationwide all launching deals below 4% for the first time since November. The rate cuts come as the Bank of England’s recent decision to lower the base rate to 4.5% fuels competition among lenders as more people look to secure cheaper…
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Common Challenges in Getting a Mortgage When You’re Self-Employed
You’ve gone self-employed. You’ve ditched office supervisors and avoided workplace politics and have ultimate freedom to create your own path. Feels good, doesn’t it? And now—finally—you’re ready to buy a home. At this point the bank gives you their skeptical face—As though you had just told them your income comes from selling magic beans. The…
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Can you get a mortgage for land without planning permission?
Land without planning permission can often be more affordable than a plot with consent to build but if you need to borrow to purchase it, you might wonder if getting a mortgage for land without planning permission is achievable. There’s a wide choice of lenders available if you’re looking for a mortgage when you’re buying…
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Are mortgage rates going down?
The Bank of England (BoE) has cut the base rate to 4.5%, marking its third reduction in six months. This comes as inflation cools but remains above target. For those wondering “Are mortgage rates going down?”, the answer is yes – but slowly. The average two-year fixed mortgage now sits at 5.89%, while a five-year…