Types of Residential mortgage
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A residential mortgage loan is a guaranteed loan that permits you to satisfy funds by providing an unmovable asset, such as a house or commercial effects, as collateral to the lender. Most lenders offer rates that are fixed for 2, 3, and 5 years, although some also offer 1 and 10-year rates. Residential mortgages are secured against your property which means that if you are consistently unable to keep up with your mortgage repayments, your lender has the legal right to repossess your home. To know more visit here - https://www.centricbank.com/for-you/mortgage-loans
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Types of Residential mortgage
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