What actually is a mortgage?

Property School Episode 3

This week we go back to basics and I'm here to share everything I know about mortgages.

Things we'll cover in this episode include the following:

- What actually is a mortgage and why do most of us need one?

- How do lenders make their money and what is interest and can interest change?

- Types of mortgages

- Where do you start to get a mortgage?

- What happens if you fail to make repayments?

- How are deposits involved?

- How long does it take to pay off a mortgage?

- What's remortgaging?

- Are there any other fees involved in getting a mortgage?

Don't forget to pay attention as at the end of every episode I will be giving you a quiz about what we've just learned!

Please feel free to share this or tag someone who will find this useful. Catch all episodes of #PropertySchool on IGTV, YouTube and wherever you get your podcasts. Links in my bio.

*Disclaimer* This is not financial advice, I am not trained to give financial advice and you shouldn't take financial advice from anyone who isn't qualified, including myself, this content is based on my own experience. I would always recommend getting a mortgage broker or financial advisor.