A
mortgage is the name given to
a loan secured on your home. It is usually used
to buy the home although popular for existing
home owners to consider a new mortgage , to access
a more competitive product or for improvements
or other purposes such as school fees or business
investment.
A mortgage is a long term loan and traditionally
runs for a fixed rate period, typically 25 years.
However, most mortgages are flexible enough to
allow for early repayment or, if your circumstances
dictate, the term can be extended beyond the original
loan period. |
