Mountview Financial Solutions

Would you like to become a homeowner? Buying a house is a huge investment with a large financial responsibility and for  first time buyers , there are four different ways to become a homeowner without a traditional mortgage. Rent to Own: If you can't budget for a down payment or can’t apply for mortgage financing due to a poor credit score, renting to own can be a viable option. Get Owner Financing: On very rare occasions, the owner may be able to sell directly to you. This means they'll fund the order, and instead of paying a bank, you'll give the seller a monthly mortgage charge. Get a Private Loan: If your credit score is too poor to apply for a conventional mortgage, an investment loan or a peer-to-peer lender could be an option. Pay Cash: The final solution is the simplest: pay cash for your house. Making a cash buyer will save you money in the long run, particularly when it comes to cutting costs and interest payments on your loan. Even better, you can enjoy being deb...

A remortgage with the same bank is known as a product transfer. If the remortgage is easy, you may not require the services of a professional. However, if you're making changes to your mortgage, you'll probably need a mortgage adviser for the correct remortgage advice . If you're not buying a new home, your mortgage provider should have your information from your first registration, making the application process easier. After that, it's just an easy change of mortgage product options. Original Source:  https://www.quora.com/Can-you-remortgage-with-the-same-bank/answer/Ranjit-Singh-3890