Residential Lending

Residential mortgages are designed to help individuals and families purchase homes, whether you’re a first-time buyer or looking to upgrade to a new property. These mortgages typically offer a range of terms and interest rates, which can be fixed or variable, to suit your financial situation and long-term goals. Lenders will consider factors such as your credit score, income, and down payment when determining your eligibility and the terms of your mortgage. Additionally, residential mortgages can come with various options, including open or closed terms, and different amortization periods.

 

It’s important to be aware that applying for a residential mortgage often involves fees, such as appraisal fees, legal fees, and sometimes mortgage insurance premiums, which can affect the overall cost of your mortgage. With the right mortgage, you can secure the financing needed to purchase your dream home and build equity over time.

 

If you have any specific questions or need personalized advice, feel free to reach out!