Life with a mortgage
Hello readers!
I’m new to this ‘blogging’ business but figured what better way to get into it than to talk about something I have recently had a lot of experience in.. mortgages!
Just like many others out there I was working a well paid job which let me cover the cost of my mortgage and still enjoy the pleasures of life but unfortunately after loosing my job I found myself in a tricky position.. how was I going to continue to pay my mortgage?
Choosing a mortgage is hard enough to start with since there’s such a wide range of options such as:
- Fixed rate
- Buy to let
- Offset
- Discount & Tracker
- Capped
Choosing the right mortgage in the first place can help in the long run since some may end up eating up your whole wage packet each month whilst others such as interest only allow you to save money to one side and pay the mortgage at the end of the term which is ideal if you’re short on money at some point. Obviously you have to manage your money very carefully whichever option you choose since we all know that your home could actually be repossessed if you fail to keep up payments.
Hopefully all the people out there in the same position as myself will find my future posts to be helpful.
-Peter Patching
