Mortgage Nightmare
many people want to have their own house. but many can't really afford it. especially here in the philippines when everything's expensive and yet the salary is barely enough to cover everyday expenses. inspite of this, people, specially those with families, strive hard to have their own homes. they apply for home loans and hoping that the interest rates won't fluctuate much to keep up with the payments. unfortunately, the market has been cruel. interest rates are soaring high. people can't keep up with their monthly payments that some of them are resorting to loans just to pay for their mortgages. though it's a quick solution, in the long run, that's additional debt. i know a copule of people who have lost their homes because they couldn't pay anymore. i just wish the economy will pick up, we'll get decent salaries so we can enjoy the fruits of our labor.
Labels: money money money
This entry was posted
on Wednesday, 14 November 2007 at 07:55.
You can skip to the end and leave a response.
» Post a Comment