There are many different variations on mortgages and home loans out there for you to choose from, but two kinds which have some distinct differences are a regular mortgage and a line of credit (also known as a home equity loan). Just before I bought my first home a few years ago, I got a tip that a line of credit might be the right kind of loan for me. If you want to know if it’s right for you too, then read on. Continue Reading »

If you’re looking to get your first mortgage, or even to refinance, you’ll most likely have a meeting with a lender or mortgage broker – someone who’s an expert in mortgages and home loans. The problem is these experts sometimes forget that we’re not all experts, and they might bamboozle you with mortgage terminology or bank jargon that starts to make little sense. But it’s really important that you understand what they’re going on about – this is your money, and most probably it’s quite a lot of your money. Continue Reading »

I don’t know which is scarier: choosing your first house, or choosing your first mortgage. Of course, these are exciting times, but they are big decisions that have a significant impact on your future, so these choices should definitely not be made lightly. Continue Reading »