Before choosing a bank for your mortgage compare at least 3 banks and ask for offers of loans or mortgage loans in each of them, taking into account that a mortgage can not change it to another entity as a percentage on the loan. You cancel it and open it again which will lead to far greater costs than the mortgage.
look out in the fee, the cancellation fee, the initial interest rate and, if the mortgage is variable rate mortgage or mixed type.
sure the mortgage has a monthly payment you can really afford. Be honest with your financial agent if payments seem out of reach. If you do, sure you can offer a solution to suit your abilities.
If your credit profile is not perfect for help with your agent. He may recommend actions to be taken in order to improve your credit profile and so reach the amount you need.
Are you planning to be in this house forever, for three years, five? Be clear about your long-term objective to know what type of mortgage for you. For example, if you want to sell soon be especially careful in cancellation fees total or partial. But if you plan to sell it may take a back seat for a better interest rate.
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