Buying a home
May 19th, 2008 by admin
Buying a home is always very exciting, but can also be very stressful with so many decisions to make regarding which types of loans to have and which lender to obtain it from. Should you deal directly with a lender or have a broker? What’s the point compensation for having a broker? How much of a loan payment can you afford? How much should the loan amount and loan term be? Is the interest rate fixed or adjustable? Protect yourself against the possibility of rising rates by fixing your monthly repayments. Use your money in eligible accounts to reduce mortgage interest and help yourself repay your mortgage early.