There are a number of good people who struggle to get a mortgage. Many people assume they will be able to get a mortgage by the time they have been working for a few years and are ready to settle down in a house they own. At The Mortgage Hunter, we know this isn’t always the case. If you’re tired of paying rent every month without having something to show for it, then you have probably already made the decision to buy a home. Owning your home can be both exciting and nerve-wracking. Home ownership offers several benefits:
- The satisfaction of being a home owner.
- Enjoy tax deductions.
- Say goodbye to your landlord issues.
- Start building equity so that you can secure a more comfortable retirement.
We’ve been helping people get mortgages for a number of years and we know exactly how easy it can be to face obstacles and challenges when trying to get a mortgage. If you’ve made the decision to buy a home, there are a few things that you need to ask yourself:
- How long are you planning to live there?
- Can you afford a monthly mortgage payment and does buying a property make financial sense?
- Can you afford the house that meets your needs?
- What does your credit score look like?
It’s important you know what your credit score looks like. If you have missed credit card repayments, utility bill repayments or any other repayments in the past, it could have a negative impact on your credit score and make it hard for you to get a mortgage. This is where The Mortgage Hunter comes in.
