Property investment tip 28: Can you get a mortgage if you have no credit score

Every lender will check your credit score as part of the mortgage application process. No lender will skip your credit check, so make sure your credit history is in good order before applying for any loan. Your credit score is a 'percentage' the lender assigns to you, which identifies you as either a 'high risk... Continue Reading →

Property investment tip 10: Should you pay for a mortgage broker?

Mortgage brokers get paid by you (the borrower) and/or the lender. It’s important to ask your broker how he or she gets paid to understand whose interest they value more - yours or the lender. Good brokers won’t avoid answering this valid question. Some mortgage brokers offer their services for free, but remember, brokers never work for... Continue Reading →

Property investment tip 8: Should you use a mortgage broker?

A mortgage broker is a person who arranges a mortgage between borrowers (property buyers) and lenders. Sometimes their services are ‘free’ because they are paid a commission from the lender or sometimes they charge you a direct fee. Using a mortgage broker for your property purchase is optional. You can apply for a mortgage in... Continue Reading →

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