If you’ve been researching mortgages, or looking at the news recently you may have come across the term swap rate. It’s a phrase that appears often in financial news and mortgage discussions, but many homebuyers are unsure what it actually means. Understanding swap rates can help you better understand why mortgage rates rise and fall.…
Winter Roundup Feb 26
Choosing a mortgage is one of the biggest financial decisions you’ll make. If you’ve started exploring your options, you’ve probably come across terms like fixed rate and tracker rate mortgages. But what do they really mean, and how do you decide which one is best for you? What Is a Fixed Rate Mortgage? A…
As with all forms of credit, a mortgage lender will compare your application against certain criteria and make a decision whether to accept your application and what level of borrowing is available to you. There are a number of factors a lender will take into account when assessing your application, such as a affordability assessment,…