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Mortgage QuestionsFrequently 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? What other costs are involved when buying a house? What if I can't meet my mortgage payments? Contact your lender as soon as you realise you have a problem. Although your mortgage is secured on your home, lenders see repossession as the last resort - they stand to make more money from your mortgage than the sale of your home. Lenders will work out a plan with you to reduce your payments for a time or stop them temporarily, and work out a new term for your mortgage. |
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