Do you know your current mortgage interest rate?

Do you know your current mortgage interest rate? Interest rates are a big factor in the total cost of a loan, so staying on top of your current rate as well as the interest trends across the market is important. By staying on top of interest rates, borrowers can make informed decisions about their loanContinue reading “Do you know your current mortgage interest rate?”

How do lenders assess applications?

Lenders will generally assess an application against five qualities when you apply for a loan: 1. Your ability to repay the loan – The lender will look at your employment history and salary to evaluate whether you have enough cash coming in reliably to repay the loan. 2. How much cash you have up frontContinue reading “How do lenders assess applications?”