Frequently Asked Questions
Find the most frequently asked questions below:
01What are the different types of mortgage?
Some of the common types of mortgages offered by banks and financial lending institutions are repayment, fixed rate, interest only, variable rate, and cashback mortgages.
02Is a large down payment necessary?
The answer as to the necessity of a down payment for a home mortgage loan is dependent on a variety of factors. In general, lenders expect 20% of the home equity value as a down payment by the borrower, but this is not a hard and fast rule. A borrower can be expected to pay more in case there are issues with credit score or failure to meet other pr