Mortages for First Time Homebuyers
When you talk about a mortgage, another term is used constantly; a loan to value of LTV. More simply, LTV is the amount that you have borrowed from the bank or lender to buy your house (it is the loan) compared with the mortgage lender’s valuation of the property in their regard.
You
have to make sure that you pay your mortgage on time, or else the lender or bank will have all
the right to take down your house for themselves.
Once you have chosen a house or property that you want to purchase, it is time to contact a real
estate agent. A real estate agent will not only help you look for homes that meet your needs and
desires; they will also negotiate the deal for you.
