Frequently asked questions
Check our Frequently Asked Questions for more clarity on the mortgage details and process
Frequently Asked Questions - Mortgage Market
Check our Frequently Asked Questions for more clarity on the mortgage details and process
- A higher down payment on your property now, means lower total payments on your property in the future.
- Loan to value (LTV) is a financial term used by lenders to express the ratio of a loan against the value of the home.
- While it’s tempting to apply for the highest LTV, it is advisable to pay a higher down payment and opt for a lower LTV, this helps in ensuring that future payments are manageable and also helps you save up money for other unforeseen and unavoidable circumstances.
- It can also help make a self-funded loan through rental income without having any burden on your disposable income.
- It also gives you immense flexibility to move for a better offer or pricing in case another bank is offering lower rates than your current home loan.
- When looking at possible Home mortgage rates, it is quite important to evaluate both the fixed and the variable rates before choosing the right fit for you.
- However, while it is quite tempting to go with the lowest possible interest/profit rate, please note that most advertised fixed rates are for a short intro period.
- In order to understand and make a balanced decision, our team will help in your financial evaluation and property selection, by evaluating the variable rates which include both the base rate and the bank margin after the fixed intro rate period, thereby providing the best of the offers available in the market at the time.
