answersLogoWhite

0


Best Answer

A mortgage that is classified and listed as a certified mortgage is different from a traditional mortgage in that one has a fixed rate and the other has a variable rate.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar
User Avatar

X2 MORTGAGE

Lvl 1
8mo ago
A self-certified remortgage stands out because it primarily caters to individuals with non-traditional income sources. Instead of requiring proof of income through payslips or tax returns like a traditional mortgage.

Add your answer:

Earn +20 pts
Q: How is a self certified remortgage different from a traditional mortgage?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How does one remortgage a business?

Someone can remortgage a business by obtaining a mortgage on the business from a bank or loaning agency at the end of the initial mortgage maturity date. Financial advisor's and mortgage experts are available at banks to assist businesses that are looking to remortgage their business.


What is the definition of a remortgage deal?

Remortgage is the same as refinance. It entails paying off one mortgage using a second, but the second uses the same home as a security. It can get you a better interest rate on your mortgage, so you pay less over time.


What exactly are remortgage lenders?

Remortgage lenders are exactly what they sound like. When you come across hard times or what not you can refinance your mortgage for a better deal. Remortgage lenders are the people you talk to about doing this.


Where might one find out more information about remortgage fees?

Information on remortgage fees can be found on TD Canada Trust Mortgage Options, CMHC, FCAC-ACFC Mortgage Help, CIBC Mortgages and Lloyd's TSB Mortgage Fees.


Where can one check himself employed remortgage?

Remortgage is when people use a new mortgage to pay for their original mortgage. This process is also called 'refinancing'. Remortgage when self-employed is more difficult than when employed by a company, but it is not impossible. Keeping track of the status of the process will require personal files and working closely with the mortgage company.


What is the APR on a Remortgage?

The APR - Annual Percentage Rate - on your remortgage package shows the annual interest that you have to pay and will vary with the type of mortgage you possess.


Could someone get remortgage on your guarantee?

It may be possible but understand if they fail to service their mortgage, the mortgage company will come after YOU not them.


Where can someone find a remortgage specialist?

Remortgage specialists are not hard to find in your local newspapers or brochures. However, if you are unable to find a suitable partner, Quicken Loans Mortgage is an easy way to remortgage something.


What would be the use of a remortgage calculator?

The use of a remortgage calculator is similar to a normal mortgage calculator. In this case it would show the monthly repayment costs, which can then be compared with the current mortgage repayments. Many banks offer this service on their websites.


Where is it possible to get a fixed rate remortgage?

Anyone should be able to get a fixed rate remortgage from either their current mortgage company, or a mortgage company that specializes in these types of mortgages. Some banks offer fixed rate remortgages as well.


Where might one with bad credit go to get a mortgage or remortgage?

One is able to go get a mortgage or remortgage although there having bad credit at U Switch. This is able to help one with money problems get what they want and has a small overview.


What is a remortgage deal?

A remortgage deal is when you shop around other banks for better rates than your current bank is offering. You can also ask your current mortgage company to see if they can give you a better rate when the mortgage agreement is up.