When you are considering buying a home, the first thing you have to make sure of is that you can get a Mortgages.
When you meet with a mortgage broker or lender make sure that you are making payments you can afford, try to get the lowest rates that you can.
That is the key to getting the house that you want, being able to get a mortgage and then being able to pay for it.
This will seriously affect your credit report if you default on a mortgage.
There are many people that end up remortgaging their homes at some point.
A lot of people do it at the end of the mortgage, they do it so they can get a loan maybe to pay for other debts.
Everyone is different. But keep in mind that when you remortgage that chances are unless the market is stable you may not get the same rate as you did before.
The same rates do not apply because the remortgage is a second mortgage which is a whole new contract and the terms and rates will be different.
Try home equity loans instead of taking out a second mortgage, it may save you a lot of money in the long run.