What should I know about financing a house?
Making the decision to finance a house is not one that should be taken lightly. It is a big investment which requires preparation and financial security to ensure that you can pay back your loan. The process can seem initially quite overwhelming and like a lot to take in. So, what are the most important […]
What mortgages are available for pensioners?
When you apply for a mortgage, there are many factors that lenders will take into consideration before deciding whether to give you an offer. For instance, your credit score, income, and expenditure. One criterion which people may be surprised to hear is that even age can be a factor in whether you can get a […]
How do mortgages work when you are on benefits?
For individuals who are on benefits, there are in fact several choices available for you when it comes to claiming a mortgage. The options open to you will depend on whether your benefits are an additional payment on top of your salary, or if you rely solely on benefits. Today, we will be discussing the […]
How do mortgages work when moving house?
Making the decision to move home is not one that should be taken lightly. There are many things that you need to sort out, decide and remember. With all of these things, the last thing you want to be worrying about is that to do about your mortgage. So, what are the options you have […]
How are mortgage rates determined?
Like almost all loans, mortgages also have an interest rate. This is the percentage which is charged in addition to the amount that you owe and it is paid to the lender for the services. For buyers, it is vital that you do your research to determine all of the potential interest rates which you […]
Can mortgages be paid with credit cards?
The simple answer to this question is, yes, you can in fact use your credit card to pay your mortgage, provided your card issuer, card network, and mortgage lender agree to it. Whilst it is indeed possible, this does not mean that it is the best option, and you should definitely consider the alternative options […]
Home loan vs rent: do I rent or buy?
Whilst many people do in fact want to own their own home, it is oftentimes not financially feasible for them to afford this. Therefore, many people may instead choose to rent rather than going through the process of applying for a mortgage. In addition, taking on a long-term loan is of course a big responsibility, […]
Can mortgage offers be withdrawn?
Understanding mortgages can be a tricky field if you are a first-time home buyer. Here at Eminence Mortgages, we understand that there is a lot to wrap your head around and get to grips with. That is why we are here to answer the questions you may have concerning all things home loan-related. One such […]
Can mortgage offers be extended?
Getting a mortgage offer is a great hurdle to have crossed on the road to purchasing your new home. There is a lot to know about the mortgage-offer process, which is why Eminence Mortgages is here to answer any questions you may have and simplify any jargon. One question you have may be about whether […]
Are mortgages transferable?
Figuring out how mortgages work can be tricky at the best of times. So, what happens when you want to do something which was not part of your original plan? One thing which could happen is that you want move house before paying off your existing mortgage. Is it possible to transfer your mortgage, and […]