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Month: September 2022

What is a joint borrower sole proprietor mortgage?

September 23, 2022

While it might sound like a mouthful, joint borrower sole proprietor mortgages, or JBSP, are straightforward and practical for a first-time buyer looking for a place they can call home. In simple terms, a joint borrower sole proprietor mortgage lets you buy a property with the help of up to a total of four people – it could be your parents, grandparents or a friend.

How much of your salary should go on mortgage payments?

September 16, 2022

When you’re looking to buy a home, knowing how much of your salary should go towards the purchase is important. The amount of money you should spend on your mortgage depends on several factors, including your income, mortgage size and term. Other important expenses such as saving for retirement further add to the importance of answering this question.

Mortgages for high net worth individuals

September 9, 2022

One requirement to ensure your financial safety is to look for a mortgage whose payments won’t drastically alter your lifestyle. While most people struggle to find a good mortgage, those with a high net worth can often access any mortgage they want. However, having access to all mortgages doesn’t mean all of them are suitable for your needs.

Things to avoid when buying a house

September 2, 2022

Buying a house is undoubtedly one of the biggest parts of adult life, and certainly one of the most stressful. This is especially true if you’re a first-time buyer with no real idea where to start. You may be concerned about the right and wrong things to do when looking to buy your first home.