Guide for First Time Buyer Mortgages

A mortgage is a long term commitment. Before you start looking for a mortgage, find out how much you can borrow. You should also make sure that you can afford your monthly repayments. You should always keep in mind that you should look for a cheaper rate with good flexibility. If you’re a first-time home buyer, the prospect of owning your first house is exciting and perhaps even difficult. There are several items to consider such as landing a good real estate agent, searching for the right home and applying for a mortgage loan and getting approval. Another aspect of the process to consider is finding a home that fits within your budget as well as determining if you have sufficient money to cover the down payment and closing costs, which are some of the largest expenses for first time home buyers. Mortgage Simplicity offers qualified home buyers loan programs with up to 6% of the loan amount as assistance towards down payment and closing cost.

Mortgage Simplicity is an independent whole of market mortgage broker. Mortgage Simplicity is based in Scotland but they cover the whole part of UK. It doesn’t matter where you live are in Edinburgh, Belfast, Cardiff or London they can surely help you. They offer Fee Free Mortgage Advice and they don’t charge any broker fees for that. They give you recommendations based on all types of Mortgages including, first time buyer mortgages, remortgages, buy to let mortgage, commercial mortgages, secured loans, help to buy mortgage and shared ownership mortgages. At Mortgage Simplicity they have access to every lender every deal including all of the major Banks and Building Society covering the whole market. The website has a Free Mortgage Calculator and you can access Right move House Price Data, giving you up to the minute valuations and house sale prices in your area and across the UK.

If you are a first time mortgage buyer then you should look for loans that offer features without charge. You can also make use of your internet banking. But you should always choose the right type of Home Loan program. Before choosing the best mortgages compare the mortgage loans from the lenders and brokers. Always utilize a mortgage calculator. Clearly read and understand the various loan types, and get proper and best advices from trusted sources. And then have a clear idea and know what you can afford. And also if you are a first time mortgage buyer then improve your credit scores and also read all about home loans and educate yourself. But before doing all this keep your future always in mind and do the proper and reliable thing. Find a best local agent and join with him and work with him. Always fix a proper budget for yourself in mind. Your plan should not go beyond this.

With no doubt you can contact Mortgage Simplicity to know more about your first time mortgage. Contact them and they’ll arrange an overview of your protection needs to ensure that you are fully protected.

Feel free to contact them anytime, Mortgage Simplicity is open for 7days a week.