Mortgage in general (General Comments in general)

Member Name: ItsMeItsMe

Product:	General Comments in general
Date:	01/06/09 (11 review reads)
Rating:

Advantages: Buy a house

Disadvantages: Very expensive,need a good secure job

Mortgage in general is something you need to think about before even buying a house. Mortgage can really put you in trouble or on the other hand you will have your self a house ready on the side.

Things you need to think about

You need to make sure can you bring in the money they ask for. Can you offer more money to them? How long will it take? Are you secure with your current job?

These are the main four questions you need to ask your self before you get a mortgage. If you have a partner and both of you work then you should be alright with the mortgage. On the other hand if you are on your own then it can be a hassle. Getting a mortgage for my family and me was not easy. After losing my job I had to borrow some cash of my mother which has helped me get back on track now.

If you have friends or family who will offer you cash to borrow then do it. This way rather than going to pay the bank back you can pay them back and they of course will not take any interest of you! Interest can be a killer so remember to consider borrowing money as a option to of others not a bank!

Summary: Mortgage can be a risk