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What actually happens? The mortgage underwriting process is a key part of the mortgage application process. It is when the lender assesses the applicant’s ability to repay the loan, and decides whether or not to approve the loan. It can also vary depending on the lender. However, there are some general steps that are typically involved. Affordability assessment The first step is for... Read more
You never know what life has in store. Is your family financially protected? If you own a property, it’s important to have sufficient life insurance in case something happens to you. If you die, your family may still need to pay off the mortgage and other expenses, and life insurance can help with that. Should you pass away within the policy term, it lets you leave a lump sum behind t... Read more
Your mortgage appointment is essentially a fact finding exercise for your mortgage adviser. He will take some time to get to know you, your borrowing needs and your financial situation. Your adviser has a huge amount of knowledge about how you will be assessed for borrowing by the lenders. Based on the information you give to your adviser he will do an affordability assessment to give yo... Read more
