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What Is a Fixed Term Mortgage?

Posted onApril 22/2019By

Mortgages can be complicated, and even daunting. If you’re a first-time buyer, it’s best to seek advice or use a broker. Even people who have been through the process find it confusing. You have to consider things like your income, savings, the economy, how much you should borrow, and your credit rating. There, of course, is the whole issue of approval. Will a lender or bank approve your mortgage application? Not least, you need to figure out exactly what kind of mortgage you should get – fixed term mortgage or variable rate. When it comes to mortgage products, there are…

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