Mortgage
Mortgages & secured lendingA long-term loan used to buy property, secured against the home.
Overview
Mortgages usually have long terms, such as 25 to 35 years.
Rates and eligibility depend on your credit profile and affordability.
Why it matters
- It is typically the largest financial commitment most people take on.
- It strongly depends on affordability checks.
- Missed payments can lead to serious consequences.
FAQs
Does my credit score affect mortgage rates?
It can. Better credit profiles often receive better rates.
Can I get a mortgage with poor credit?
It can be harder, but some lenders offer products for people rebuilding credit.
Related terms
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