Before you choose your mortgage, start by knowing the basic conditions of each kind. The object then is to match the right mortgage to your long-term financial situation. If you can’t afford to keep up with repayments, you risk losing everything you worked so hard to gain.… Read More
Mortgage
It helps to understand the main differences between fixed rate and adjustable rate mortgages, as having the basics down will allow you to ask the right questions when it comes time to compare rates.… Read More
The Galaxy Lending team loves working with first-time buyers, and we will ensure that you feel comfortable throughout the entire process. You may be an experienced house or apartment renter or you’re taking the leap from mom and dad’s basement, regardless, buying your first house is important.… Read More
Just as with any other purchase, failure to shop around the marketplace before settling on a lender is apt to cost you money. And when it comes to mortgages, those costs can really add up. For example, on a 30-year mortgage, a difference in just one-half of one percent interest would increase your monthly payment… Read More
But when exactly is the right time to consider a refinance? There are some important considerations when deciding whether to refinance. For most homeowners the main purpose of refinancing is to either shorten the term of the loan, reduce the monthly payments, switch between a fixed-rate or adjustable-rate loan, or use home equity.… Read More
Depending on your circumstances and credit history, you can get loans or avail of government programs that offer lower down payments to help you get on the property ladder. These alternative methods, however, can have downsides, so it is important that you choose the option that best suits your financial situation.… Read More
