tag:blogger.com,1999:blog-86467127228173750172011-04-21T16:25:23.623-07:00Hansonwealthhttp://www.blogger.com/profile/15512266924623249447noreply@blogger.comBlogger61100tag:blogger.com,1999:blog-8646712722817375017.post-54559092305640764262007-02-20T07:46:00.000-08:002007-02-22T07:31:04.426-08:00

There is no right length (term) to a mortgage. The standard term is around 25 years, and most of us tend to have a mortgage throughout our working lifetime. With the large sums involved, this spreads the cost and makes your monthly payments more manageable.However, you can choose a different term if it suits you and the lender agrees that you can afford it. If you can afford a shorter term you

Hansonwealthhttp://www.blogger.com/profile/15512266924623249447noreply@blogger.com1tag:blogger.com,1999:blog-8646712722817375017.post-65012506588063073332007-02-20T07:43:00.000-08:002007-02-20T07:44:59.989-08:00

Choosing a mortgage has never been easy, but in recent years the market has exploded. Gone are the days when the major decision you had to make was between a variable and a fixed rate. Now, every lender seems to have a number of different product, from offset mortgages that set your savings interest against your mortgage interest, to self-certification mortgages for the self-employed, cash

Hansonwealthhttp://www.blogger.com/profile/15512266924623249447noreply@blogger.com0tag:blogger.com,1999:blog-8646712722817375017.post-16334097842332406342007-01-31T05:18:00.000-08:002007-01-31T05:29:39.505-08:00

Work out your budget using our Budget calculator to see how much money you’ve got coming in and going out and how much money you’ve got to spare. Don’t overstate your income to get a bigger loan. If you lie about your income, you could end up with a loan you can’t afford and possibly lose your home. You’ll also be committing a fraud and could get a criminal record. In SummaryDo work out your

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Lenders should lend responsiblyThis means that they should consider whether you can keep up the mortgage repayments now and throughout the term of the mortgage; for example after an initial discount period ends. They should base this on things like your income, expenditure and other circumstances. Mortgage lenders have traditionally offered to lend up to three-and-a-half times your salary (

Hansonwealthhttp://www.blogger.com/profile/15512266924623249447noreply@blogger.com0tag:blogger.com,1999:blog-8646712722817375017.post-24352463598274759272007-01-31T05:01:00.000-08:002007-01-31T05:08:01.642-08:00

Repayment mortgages Every month, your payments to the lender go towards reducing the amount you owe as well as paying the interest they charge. So each month you're paying off a small part of your mortgage. The pros: It's a simple, clear approach - you can see your loan getting smaller.The cons: In the early years your payments will be mainly interest, so if you want to repay the

Hansonwealthhttp://www.blogger.com/profile/15512266924623249447noreply@blogger.com0tag:blogger.com,1999:blog-8646712722817375017.post-9330530320683859242007-01-31T03:34:00.000-08:002007-01-31T04:06:04.524-08:00

What is a mortgage? "A mortgage is like any other kind of loan – you borrow money, and you pay it back with interest over a period of time. But it has one key difference: it’s secured against your home. So if for any reason you can’t repay it, the bank or building society can sell your home to recover." How Mortgages Work You take out a loan based on how much you can afford and the

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