What Happens To Your Mortgage If Your House Is Destroyed?

Even though the risk of your house being destroyed can be minimal, knowing what will happen can be essential to help you plan for the worst, especially understanding what will happen to possibly your largest expense, the mortgage. Nothing happens to your mortgage if your house is destroyed and you need to keep paying, even … Read more

Penalty For Lying On A Mortgage Application, Jail? (2022)

Lying on your mortgage application may seem like a good idea at the time. Hiding key pieces of information, embellishing the truth or just straight up lying in order for a mortgage lender to approve your application that they may otherwise have denied can be classed as mortgage fraud. The penalty for lying on a … Read more

What Happens To Mortgage Rates In A Recession? (2022)

Unfortunately, recessions are part of the economic cycle so are inevitable. However, knowing what happens to mortgage rates in a recession and whether they go up or down can make sure you can properly prepare. In a recession mortgage rates typically go down as governments try to stimulate the economy by reducing interest rates. This … Read more

Can You Have Two Mortgages With Different Lenders? (2022)

Getting a mortgage can be difficult, often having to jump through multiple hoops to prove who you are and that you’re a credible borrower. This can be made even harder if you’re wanting to secure two mortgages with different lenders, so is it possible? Yes, you can have two mortgages with different lenders, it all … Read more

Do Mortgage Brokers Work Weekends? Lenders Too? (2022)

With demand for property continuing to rise, securing your mortgage as quickly as possible can help ensure you’re in the best position to make the purchase. However, if it’s getting closer to the weekend it’s definitely worth knowing whether your mortgage broker works on the weekend. Yes, some mortgage brokers work weekends as they’re aware … Read more

Buy For Uni Mortgage For University Students – Good? (2022)

A buy for uni mortgage can help university students make the most of their situation and buy a property to live in during their studies. This can be a great alternative to leasing a potentially sub-standard property from a student landlord. However, knowing whether this product is right for you can be a challenge, especially … Read more