Remortgage: Basic Terms

Posted by admin on October 20, 2009

We briefly reviewed remortgages in our remortgage overview. However, lets define the notion of remortgage from a very basic perspective. Remortgage deals or refinance arrangements, like a mortgage, consist of two major legal documents. One is called the note and the other is called the mortgage. The note specifies the amount of the home loan, [...]

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Qualifying for a Mortgage

Posted by admin on October 19, 2009

Like most other processes, the remortgage or mortgage process for home loans requires certain criteria. The mortgage lenders generally have several requirements or variables that they use to measure and validate the applicants. Most lenders have three major factors. These are (1) your credit score, (2) the down payment and (3) your debt ratio (income [...]

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