What is a Residential Mortgage?

A residential mortgage is a loan you take to purchase your property. It is long-term funding of the property you are going to purchase. Depending on the deal, the money could be lent back over the years.

It requires a cash deposit of about 30% of the total property value. All residential mortgages have an LTV ratio – the amount borrowed as a mortgage is always higher than the actual property.

What will lenders consider when you apply for a Residential Mortgage?

Lenders for your residential mortgage deal will check your finances to see if you can afford the deal or not. No one would want to lend a loan to those under financial strain. Your credit history and rating also play a major factor in determining your qualifications. Mortgage dealers might increase interest rates if you have a poor credit reputation.

Why choose Credas Financial?

1. Their team of professionals will help you find the perfect deal at the best LTV ratios and interest rates.
2. They will choose the one which best suits your finances.
3. They will provide you with all the details regarding the deal. They will keep you well informed.
4. They will connect you with authentic lenders and mortgage brokers.