The big “secret” about mortgages, from the lender’s point of view, is that it’s all about competition and risk. Competition limits what a bank can charge because borrowers will look for the best deal. But competition is tempered by risk. People with good credit scores – evidence that they habitually pay their bills on time – are better risks than people who don’t, no matter the reasons, so they usually get better rates.

Whatever your situation, here are some things you may not know – but need to – when getting a mortgage. Be sure to keep them in mind.

If you have any questions, never hesitate to get in touch, I’m happy to help 🙂