What is a Mortgage?
There are many different types of mortgages, and depending on your own situation, the type of mortgage that's right for you may not be the same as someone else who needs a mortgage for one reason or another. What does Remortgage Mean ? A simple definition of a mortgage, however, is simply a form of loan that you can apply for to purchase or remortgage a property. A mortgage is an easy method to purchase a new property without actually having all of the money upfront. To qualify for this loan, you generally need to meet certain qualification requirements. Qualification requirements often depend on the value of the property and how long you plan to stay in that property. Can i claim tax relief on mortgage interest UK ? In addition to meeting qualification requirements for the mortgage itself, many people also qualify for mortgage interest rates that are favourable to them. Because there are so many mortgage lenders competing against each other, mortgage interest rates can vary from...