Property investment tip 33: Interest-only mortgage or a principal and interest (repayment) mortgage: Which is better?

When you purchase a property, there are two types of mortgages you can select from: an interest-only mortgage or a principal and interest mortgage, which is also known as a repayment mortgage in some countries. What is the difference? ‘Principal’ is the amount you borrow from the lender. For example, I buy a $100,000 house... Continue Reading →

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 25: How do you qualify for the lowest interest rates as an expat?

'Interest’ is what the lender charges you for your loan. For example, if you borrow £90,000 for a house, the interest is calculated daily or monthly on this amount. The exact interest rate is determined by the lender. How do you find the best interest rates as an expat It’s easy to find a list... Continue Reading →

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