Securing a home loan can feel like navigating a complex maze, but it doesn’t have to be! Knowing the different types available is key to finding the best deal for your specific situation. This guide explores several key factors to consider, including fixed versus changing rate options, charges, and the overall price of borrowing. We'll delve into
Sidestep LMI: Strategies to Bypass Lender's Mortgage Insurance
Buying a home is an exciting milestone, but the costs can quickly add up. One expense that often catches buyers off guard is lender's mortgage insurance (LMI). This extra fee protects lenders in case you default on your loan. Fortunately, there are methods to avoid LMI altogether and save yourselves in the long run. Primarily, consider puttin