Do you know what a mortgage is? Almost everybody answers this question with a 'yes'. But the fact that you heard the term 'mortgage' before on television or somewhere else doesn't equal knowing what it really means to have a mortgage.
When you aren't able to continue paying for your mortgage the moneylender has the right to sell your house. This is the most important difference with other types of loans. Scary? Well it can be but your house acts as a collateral for the loan.
There are many different types of mortgages. Take a look at your situation and try to find the best mortgage for your situation. Especially the way interest is charged varies from form to form
Although there are a lot of different mortgage forms the most important differences are in the way the payments are build and the way interest rates can influence your payments.
Prenumerera på:
Kommentarer till inlägget (Atom)
Inga kommentarer:
Skicka en kommentar