Mortgage

difference between a mortgage and a home loan

What’s The Difference Between A Mortgage And A Home Loan?

When it comes to understanding the intricacies of financing a home, it’s important to differentiate between a home loan and a mortgage. While they are often used interchangeably, these terms have distinct meanings that are crucial to grasp. In essence, a home loan represents the actual amount of money borrowed to facilitate the purchase of […]

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Mortgage Serviceability

Unleashing the Power of Mortgage Serviceability: A Comprehensive Guide

Introduction When it comes to securing a mortgage, understanding serviceability is crucial. Mortgage serviceability refers to a lender’s assessment of an applicant’s ability to repay the loan. It involves various factors such as income, expenses, debt levels, and credit history. Navigating through the hoops of mortgage serviceability can be challenging, but with the right knowledge

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