What Happens When You Miss a Mortgage Payment | #CityFirstMortgage
Missed payments trigger a 15-day grace period, avoiding penalties if paid on time. Multiple missed payments lead to late fees, credit score drops, and potential foreclosure.
Financial Tips For People Looking To Acquire An Investment Property
Investing in properties can lead to early retirement and passive income, but it's crucial to have clear financial goals before purchasing. Research is key, whether aiming for property value appreciation or rental income. Consider the workload involved in property management…
Tips for a Smooth Home Selling Experience | #CityFirstMortgage
Being well-prepared with a conveyancer and mortgage lined up can help avoid delays. Working with estate agents ensures your home is priced correctly and presented well for buyers.
Ways to lower your homeowners insurance
Home insurance rates are increasing significantly, with a 23% rise last year and a 55% increase since 2019. Factors contributing to this trend include severe weather events and inflation, which raise repair costs. Homeowners can lower premiums by raising deductibles,…
How to get a mortgage interest rate below 6% now
Homebuyers can secure a mortgage interest rate below 6% by following three strategies. First, consider buying mortgage points, which can lower the rate but require an upfront fee. Second, an adjustable-rate mortgage with a 3/1 framework can offer a rate…
What to Consider When Buying a Second Home | #CityFirstMortgage
Buying a second home today is more challenging due to rising property values and higher interest rates. Decide whether the second home will be for personal use or rented, impacting financial returns significantly.
