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Can you receive a mortgage if you have not found employment?

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        Are you out of work and now seeking to apply for a mortgage? The essential aspect while pitting in a mortgage application is proving to your lender your ability to pay back the debt. Since you are between jobs, your application is not in a favourable situation. Because you do not have a job that ensures some income coming in every month, no lender will give the nod, but having no full-time job does not mean you are absolutely unemployed or all doors to cash coming in are closed. You may be a freelancer, you may have a part-time job, or you may have another passive income source. Well, it is possible to get qualified for a mortgage, but you will have to provide additional information to prove your repaying capacity.   What do lenders expect of you? Getting approval for a mortgage is not a suck soup. You will have to ensure that you can pay down monthly installments, and since its repayment length is going to last for a long period of time, a len...
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How Can Remortgages Provide Benefits for Your Home?

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  As the fixed period of a mortgage expires, people often tend to remortgage. It is the process of taking out a new mortgage to replace the current one. Many homeowners remortgage in order to avail themselves of lower interest rates. Although there are various benefits of remortgaging, the popular reason for doing so is to take advantage of affordable interest rates. A lender puts you on a fixed-interest rate deal when you take out a mortgage. It can last up to 2 or 5 years. The lender puts you on standard variable interest rates as it comes to an end. These interest rates are not fixed as they fluctuate as the base rate changes. Standard variable interest rates can be higher than fixed interest rates. People take out a remortgage in order to save money on interest payments. How does remortgaging work?  Most of the people think that it means taking on additional debt. Even though it releases equity in cash, it is still favorable. Remortgaging is a straightforwa...
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