May 22nd, 2010 
Azwar Khalid What points you must consider when choosing a mortgage to get into this business?
The first step to get into the Real Estate business is capital, and most of us can get them from the bank like mortgage, this document will explain you some important facts about this instruments that you need to know.
Amount to apply
Most of the times when you are able to cover up to 20% of the total amount the bank will consider you an affordable prospect, if you are unable to reach that goal with your own money is very probable that the banks wont see you as their preferred consumer and you will have to bring to the table additional guarantees and or get higher interest rates.
The interest rates for the mortgage.
Variable, Fixed and Mixed rates are the three different rates a bank will offer you, each one have their own benefits, for example the variable rates as their name shows will vary with the time, if the mortgage rates are high you will pay more, if they are low you will pay less, the fixed rates are usually more expensive, but will give you the certainty of paying the same amount all the time, in the other hand the mixed rates are a mix of both worlds, they start as fixed (the first 3 to 5 years) and after that period they will become variable.
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