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XNET Real Estate Directory
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Real estate loan: Understanding the concept
Real estate loan is what a lot of people use to buy their home. Real estate loans have been instrumental in bringing joy to people by making that unaffordable house affordable. Some real estate investors too make use of real estate loans for buying properties. However, real estate loan is not free money and anyone who buys real estate or plans to buy real estate using real estate loan must understand the concept of real estate ...
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In this article, we take a look at what are fixed rate, variable rate and interest only mortgages.
A mortgage is a special type of loan that allows a first time buyer to borrow a seemly ridiculous amount of money towards the purchase of a house. However, mortgages make home ownership possible for the masses. As a first time buyer, I know that mortgages can be extremely confusing. Firstly, there are fixed, variable and interest only mortgages. Then there ...
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In this article, we take a look at how much you can realistically afford when buying a house on your own.
We had a look at 13 of the biggest lenders and discovered that they will lend between 3.75 and 5 times your annual income. So, on a salary of £20,000, you can borrow between £75,000 and £100,000. For that money, you will struggle to find a decent size flat in most parts of the country. On top of that, the recent dip in the economy has made banks want ...
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