Are you buying a first home but confused by jargon? Let us explain

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Are you buying a first home but confused by jargon? Let us explain. Getting on the ladder can be a stretch, not just financially, but also mentally. Here’s our guide to help you through the.

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The home buying and refinancing process can be confusing and overwhelming for many borrowers. You may be worried about if you provided the correct documentation for your loan officer, what value your home will appraise for, or if you will be approved for the loan at all.

Morning Scoop: Sandy Hook group dumps Megyn Kelly as event host How to get on the housing ladder Our first time buyer guide will help you choose between a first time home buyer mortgage, help to buy mortgage, and other first buyer schemes.. first time buyers to get onto the property ladder.It is the chair where Rachel D’Avino should have been sitting as she enjoyed christmas dinner with her family, no doubt still giddy from accepting her long-term boyfriend’s proposal the day before.

Help to Buy is a government scheme first announced in the March 2013 Budget. It is designed to help anyone struggling to save a deposit for their first home or move up the property ladder as they have limited equity. There are two main elements of the Help to Buy scheme, which we explain below:

If you’re a first-time buyer it can feel like trying to learn a new language and very time-consuming when you really want to be thinking about how to decorate. So if you’re confused by terms in your solicitor’s emails or blanking when it comes to filling out important forms, we’ve put together the ultimate mortgage jargon-buster.

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Don’t Let Confusion With Mortgage Jargon Cost You October 1, 2013 by Sean Young Leave a Comment A recent study of US and UK home buyers, conducted by the london based nationwide building society, found that more than 40% of people buying homes were confused by the jargon that lenders used to describe mortgages.

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