Scottish Mortgage Podcast
The Scottish Mortgage Podcast is designed to help Scottish people understand the nuances of mortgages. The show aims to offer hints and tips, but crucially, it's also packed full of key information and knowledge, which can help you make smarter decisions when choosing a mortgage.
Scottish Mortgage Podcast
Understanding Mortgage in Principle: Benefits, Limitations, and Essential Tips!
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Tony Flynn
🏡 Welcome back to our channel! In today's video, we delve deep into the world of mortgages, focusing on the Mortgage in Principle. 🏡
📍 In This Episode:
- Understand the concept of Mortgage and Principal.
- Discover the good things and limitations of Mortgage in Principle.
- Learn about the lenders' perspective and what they look for.
- Know the role of credit scores and income in mortgage applications.
- Get insights on soft credit checks and their impact.
- Learn essential tips to ensure your deposit is valid for the properties you are looking at.
- Understand the importance of assessing property and home reports.
📍 Key Takeaways:
- Mortgage in Principle is an indication of potential lending, but it's not guaranteed.
- Lenders may use different credit score agencies at different stages.
- Ensure your income has been declared correctly.
- It's crucial to ensure your deposit is valid for the properties you're considering.
- Always keep your mortgage broker in the loop and show them the home report.
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Information = https://tfmortgages.co.uk/
Check Monthly Payments = https://tfmortgages.co.uk/mortgage-repayment-calculator
Check How Much You Can Borrow = https://tfmortgages.co.uk/how-much-can-i-borrow
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