Home Loans – A Basic Introduction
The most popular method of financing a home purchase is with a mortgage.
This is to get a loan
that is secured over the home.
There are a number of different suppliers and you will have to shop
around in order to get the...
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Home Loans – A Basic Introduction
The most popular method of financing a home purchase is with a mortgage.
This is to get a loan
that is secured over the home.
There are a number of different suppliers and you will have to shop
around in order to get the best deal.
Given that your home is probably the single biggest purchase
you will make in your lifetime, you must make sure to take the care and attention that the transaction
merits.
Mortgage rates can vary greatly from lender to lender and the amount your rate is set at can
make a huge difference to the amount your repayments will amount to.
Even small difference in
rates could save you thousands of dollars or allow you to have your home paid off years sooner.
So
do your homework.
http://www.
gpfmortgage.
co.
za/sa-home-loans.
html
Fixed or Variable
When looking for the best loan, there are certain terms you will need to be familiar with.
For
example, mortgages generally come as either a fixed rate mortgage or a variable rate
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