Tuesday, June 26, 2012
Buying A Home
In simple terms, Morgage, is a loan in which your house functions as the collateral. The bank or mortgage lender loans you a large chunk of money typically 80 percent of the price of the home which you must pay back with interest. over a set period of time. If you fail to pay back the loan, the lender can take your home through a legal process known as foreclosure.
the only type of mortgage available is a fixed-interest loan repaid over 30 years. It offers the stability of regular and relatively low monthly payments. When a couple have a bad loans with a bad economy, you get ramp foreclosure. the foreclosures are turning into full-on repossessions to bad to imagine if you failed to pay your house the lender can take the house. In the meantime, many people could save money by walking away and renting instead, or hitting the equity button by buying another house, called a house but a simple house. while they still have good credit and then defaulting on their earlier loan.
No wonder I live in a renting house I don't want to much headache on my mind pay there and pay here. was remember those days days in my life we pay to much when we used to live in the old house it's good to imagine if you want to lived in a nice house you must have to work hard in order to pay the house and everything. i think i imagine i would be get a nice house once i started to making money but I am not dreaming to get a bigger house. maybe just a simple house not fancy one. I am contented what i have now. need myself to stand on my own start all over again. I hated to remember those days in my life. the dream was gone but it's not late. I would not depend to the people i used to know. I would to get back on my feet and do my own life. it is true it say's the money is root on evil. that's what happen with the family i used to know. but because it say's inherite with the family. For now on I have to ready with the circumstances happen with my life. If ever happen I have my home where i started build in Ph. it's good to live without paying to much. money is good as long as you are very smart to use it.