Mortgage guide for first-time buyers
If you are considering buying your first home, you’ll be excited, and possibly a little overwhelmed. Our guide is designed to assist you as you prepare to apply for your first mortgage, providing important information that you need to be aware of and answering any queries you may have.
Understanding mortgages
Mortgages are simply loans that homebuyers use to be able to purchase their property. It’s the property itself that is the collateral for the loan. Lenders need to be sure that they will get their money back.