Alcregular From , joined Dec 1969, posts, RR: Posted (9 years 11 months 3 weeks 4 days 19 hours ago) and read 941 times:
Im thinking on getting a mortgage and just want any help or advice on getting one. Im after a 100% (I know, bad) but I need to move out of home and fly the nest (again), any comments greatly appreciated,
As for a specific lender, I used my local building society (Saffron Walden Herts & Essex) and they were very friendly and helpful, so it may be worth your while to look to the ones in your area before going to the big banks.
Alert3 From United States of America, joined Feb 2004, 110 posts, RR: 1
Reply 7, posted (9 years 11 months 3 weeks 3 days 11 hours ago) and read 864 times:
100% is not so bad.... just if you can make an extra payment every year makes a huge difference. Or put down an extra $100/month... something like that. If you can put 20% down.... that is great because you won't have to pay for the PMI (for us about $60/month wasted). But if they offer you 0, 3, 5, 10% down etc., go for the low one.... it makes a very nominal difference in your monthly payments. For example: ours is a $150,000 loan. We put down 3%.... if we had put down 10% it only made a difference of $15 dollars per month over the 30 year loan.... so we pay a little extra.... it all makes a difference.
Banco From United Kingdom, joined Oct 2001, 14752 posts, RR: 54
Reply 8, posted (9 years 11 months 3 weeks 3 days ago) and read 855 times:
The truth of the matter is that the first, albeit sarcastic, comment was the right one. People's circumstances differ hugely, and you need professional advice, not from a group of people on a site like this.
Check out some of the publications such as Which as well.
Buying a house is the biggest purchase of your life, and moving a mortgage is the second biggest. Get some proper help.
She's as nervous as a very small nun at a penguin shoot.