Securing a home financing can feel like navigating a complex maze, but it doesn’t have to be! Knowing the different options available is key to getting the best deal for your specific situation. This guide explores several key aspects to consider, including fixed versus changing percentage options, fees, and the overall price of borrowing. We'll
Avoid LMI: Strategies to Neglect Lender's Mortgage Insurance
Buying a home is an exciting milestone, but the costs can quickly add up. One expense that often catches buyers off guard is lender's mortgage insurance (LMI). This extra fee protects lenders in case you default on your loan. Thankfully, there are ways to avoid LMI altogether and save yourself in the long run. First, consider making a larger