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Mortgage Questions

Frequently asked mortgage questions and answers . . .

What is a mortgage?
What different types of mortgage are there?
What should I think about when choosing a mortgage?
More information on interest only mortgages
How large a mortgage can I have?
I am self-employed, how can I get a mortgage?
My income is erratic, does that put me out of the running for a mortgage?
What are mortgage indemnity payments?

What about protecting my mortgage payments?

There are now very limited state resources for meeting mortgage payments. It is sensible to look at insurance policies that pay out if you lose your job or are unable to work because of illness.

Mortgage protection insurance policies generally pay out up to 12 months' mortgage payments. They are frequently combined with other insurances such as critical illness or permanent health insurance.

What other costs are involved when buying a house?
What if I can't meet my mortgage payments?