How do I go about getting a mortgage?
Banks,
trust companies and mortgage companies are in the business of lending
money in the form of mortgages. Start with your bank, as they will
be familiar already with your credit rating and financial situation.
It is a good idea, however, to shop around for the best deal in
terms of interest rates, flexibility in payment options, and so
on. If you obtain a good deal elsewhere, your bank may match it.
You
can also get a mortgage from your parents for example, or anyone
who is willing to lend money on the basis of a mortgage arrangement.
WARNING:
The contents of these FAQs are intended as general legal information
only.
If
you have a personal problem, please consult a lawyer.
September
1996 |