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Mortgages (The Financial Series) | #37 | podcast | superb diamond range

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Manage episode 174605881 series 1237152
Content provided by Superb Diamond Range. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Superb Diamond Range or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

#37:

What is a mortgage? How do they work?

My personal experience with Mortgages?

Own Bank Vs. Broker.

The mortgage application.

Credit score can determine the interest rate.

Different types of Mortgages i.e. Fixed rate, Variable rate (Baloon in USA) and interest only. Fixed rate for short period and then remortgage.

15 year, 25 year, 30 year or 40 year term, what is best.

Home ownership Vs renting.

Overpayments without penalty bi weekly or monthly overpayment strategies to shorten mortgage and pay less interest.

Benefits of an emergency saving and avoiding foreclosure.

The sooner you pay off the mortgage the better, it can equal allot of freedom.

Your biggest monthly expense is no more.

  continue reading

53 episodes

Artwork
iconShare
 
Manage episode 174605881 series 1237152
Content provided by Superb Diamond Range. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Superb Diamond Range or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

#37:

What is a mortgage? How do they work?

My personal experience with Mortgages?

Own Bank Vs. Broker.

The mortgage application.

Credit score can determine the interest rate.

Different types of Mortgages i.e. Fixed rate, Variable rate (Baloon in USA) and interest only. Fixed rate for short period and then remortgage.

15 year, 25 year, 30 year or 40 year term, what is best.

Home ownership Vs renting.

Overpayments without penalty bi weekly or monthly overpayment strategies to shorten mortgage and pay less interest.

Benefits of an emergency saving and avoiding foreclosure.

The sooner you pay off the mortgage the better, it can equal allot of freedom.

Your biggest monthly expense is no more.

  continue reading

53 episodes

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