by Michael Isaacs | Nov 16, 2023 | Mortgage Tips
When it comes to mortgages, a “buydown” generally refers to paying an extra fee upfront to reduce the interest rate over a specific period. There are typically two types: temporary buydowns and permanent buydowns. Permanent Buydown: With a permanent...
by Michael Isaacs | Oct 26, 2023 | Home Financing Tips
“No-deposit” mortgage deals for first-time buyers refer to mortgage options that allow buyers to purchase a home without having to put down a deposit or a down payment. Here are the pros and cons of such deals: Pros: Lower upfront costs: The most...
by Michael Isaacs | Oct 25, 2023 | Home Mortgages
A closed-end second mortgage is a type of loan that allows a borrower to obtain a lump sum of money using their home as collateral. It is considered a “second” mortgage because it is taken out in addition to the borrower’s primary mortgage. The term...
by Michael Isaacs | Jun 14, 2023 | Home Mortgages
Securing a mortgage is a significant financial decision, and choosing the right option can have a lasting impact on your future. Each individual’s circumstances are unique, and finding the best mortgage for your needs requires careful consideration. Whether...