Getting a mortgage the first time around can be quite overwhelming, and when you have to do it all over again when moving home, it seems like an impossible task. Lucky for you, The Mortgage Architect will help you whether you’re a first time buyer or thinking of moving.
Applying for a mortgage when you are moving home requires you to consider a lot of factors. You have to think about how much you need to borrow, how much of a deposit is required, are you selling or retaining your current property.
You will also have to fill in an entirely new set of documents and applications. Your credit history as well as other factors will be reviewed again, thus determining how much mortgage loan you can acquire.
Learn About Porting
Taking your existing mortgage deal with you to avoid early repayment charges.
Determine Borrowing Limit
Consult our mortgage planners to calculate how much you are qualified to borrow.
Calculate and compare the rates between different lenders to see how much and how many monthly payments you will have to make.
Trade Up or Down
Sorting out your mortgage application when selling your existing property.
Apply for an Agreement in Principle
Get a written estimate from lenders to show to potential estate agents.
Protect your new home with mortgage protection.