Every city has a number of mortgage lenders who offer services to the public. If you are interested in getting a cheap loan to buy a house, therefore, you should compare all the mortgage lenders in the city to find the right lender for your needs. If you are a foreigner who wants to buy a house, you should only shortlist lenders who offer expat mortgages. Only licensed home financiers with a great reputation in the mortgage lending industry and a great track record of offering quality services should get any special consideration.
The interest rate quoted for the expat mortgage and the repayment period offered by a lender as well as the deposit required are the three most important factors to take into consideration when looking for a suitable lender. The processing speeds of the shortlisted firms must also be compared because you are looking for an affordable mortgage.