Hi,

I am working in a firm and have a good monthly salary. Now, I am planning to buy a home. But, I don’t have enough savings for that. So, I am planning for a mortgage finance. I don’t have any previous experience of taking a mortgage. So, I have several doubts to be cleared before applying for the first mortgage.

I think a fixed rate mortgage would be more convenient for me. And I don’t know whether there is any advantage for a variable rate mortgage. So, please help me to choose the best. And I want to know one more thing. Which mortgage is more beneficial - open or closed? In my search, I found that an open mortgage offers the best flexibility when it comes to repaying the mortgage while a closed mortgage offers a lower interest rate and a predictable mortgage payment schedule.

So, I am now totally confused about choosing the right mortgage. Some of the Northwood mortgage reviews seem that they provide the best advice( http://www.mortgagesmort...rthwood-mortgage/review/ ) and service to the customers. But, I don’t have an experience with them. Can I approach them for a service? I hope it would be helpful for me if you share your suggestions and experience. Thank you.