Mortgage, What's That?
me and my little family is fortunate to have a free roof over our heads. it was provided for by my in-laws and we don't pay a single penny for it. not many people are as lucky as us. i know that we won't be able to afford it, paying for something as expensive as a house from our meek salary.
anyways, because of this, we were spared the hassle of going through the house hunting and property buying. my sister told me that it's not just finding the right house. it's finding the right mortgage as well. there are lots of different mortgages about and one should be careful in reading the small prints. they might look enticing but that doesn't mean they are cheap mortgages!
she also told me that once you're on the property ladder already, it's not as scary as it seems. if looking for a 2nd property isn't proof enough, i don't know what is! she said they're now looking at buy to let mortgages as they plan to have this 2nd property as income generating. good for them!
right now im quite happy that we don't have to deal with all these things. but it's always better to know about them for future reference, aint it?
anyways, because of this, we were spared the hassle of going through the house hunting and property buying. my sister told me that it's not just finding the right house. it's finding the right mortgage as well. there are lots of different mortgages about and one should be careful in reading the small prints. they might look enticing but that doesn't mean they are cheap mortgages!
she also told me that once you're on the property ladder already, it's not as scary as it seems. if looking for a 2nd property isn't proof enough, i don't know what is! she said they're now looking at buy to let mortgages as they plan to have this 2nd property as income generating. good for them!
right now im quite happy that we don't have to deal with all these things. but it's always better to know about them for future reference, aint it?
Labels: money money money
This entry was posted
on Friday, 19 October 2007 at 10:38.
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