Buying your first home is an exciting process but can also be intimidating, especially if you will be obtaining a mortgage. The real estate will probably be one of your biggest investments to date, having some guidance and assistance during the mortgage approval process can really help. So who do you go to? usually it would be to an independent mortgage professional or mortgage broker, who will guide you through the mortgage approval process so that you will be educated and comfortable at every step. They will also help in getting the best mortgage for your situation.
There are many types of Home Loans available to suit different situations. A Mortgage Broker is knowledgeable in these types and can help with making the right choice and to get the best mortgage. Things that may affect the mortgage decision would be such things as:
- Closing Costs
- Variable v Fixed Rates
- Income Sources etc.
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