Davor Rom - How to Finance Your New Home
Purchasing a home is the biggest financial investment most people will ever make so it is vital to explore and understand all of the finance options available before settling on repayment terms. Davor Rom is a residential real estate expert, entrepreneur, investor, and renowned real estate business owner. Home loans, grants, deposits, and fees all have an impact on the final price paid, and all need to be considered before settling on your finance. Options In Home Financing The most common way to finance a new home is to obtain a loan from a bank or mortgage lender. There are many different types of mortgages out there and they are not created equal. It is worthwhile to shop around to find the best terms for your situation. Whatever you end up choosing will have an impact on your household budget, so make sure the terms are fair, understandable, and you can repay the loan. Types of mortgages include: Fixed - Allows a fixed rate for up to 10 years, the...