Mortgage give you the opportunity to buy a real estate properties with a tiny fraction of the entire cost. If you are savvy enough, you can make residual income with the property you by using the mortgage why did tenant pay back the loans.
Advantage of mortgages
- Thread starter Ralphjoe
- Start date
that sounds nice but I will advise you that before you go for a loan make sure you are investing it on something that will make you more money do not invest a loan on consumption make sure you invest its ore production so you will be able to make more money and pay back the loan
Seriously, the advantages of mortgages are very obvious because it gives the person who gets it the opportunity to own or buy their own house and pay off the mortgage.
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- Thread starter
- #44
One disadvantage that I don't love about mortgage payment in the past that paying it can be very challenging as the amount for payment is simultaneous and you have to keep on paying for as long as you leave and if you are unable to pay it off then your house will be forfeited to the company.
Actually, I believe that before you are even eligible for any kind of mortgage, the banks must have evaluated how feasible it's for you to be able to pay it.
- Thread starter
- #46
Well if it is so then I think house mortgage is a good choice for those that can afford it and I know that in America this is what is very common that everyone make use of mortgage to get their houses.
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Well , it might help the person to have a house that he couldn't have afforded on his own but the interest rate is very discouraging and demanding . The person will have to pay in time or loss the house
Exactly, it's actually why it's very important that when you want to apply for mortgages, it's very important that you have a way to pay back to avoid getting into a debt.
- Thread starter
- #49
One thing that I have noticed that almost everyone in the United States of America actually you make use of mortgage to purchase their various houses we can see that the house is that most people are living in the state are very big compared to the amount of money that most people in over there and I believe that if most other countries to can make use of this same model then almost everyone we have their own houses.
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Yes, it's something that is very common in the United States of America and it's all because they have good structures that help those who got such mortgages to be able to pay back.
- Thread starter
- #51
And also the fact that the United States of America is one very rich country with the most richest country in the world in so they are able to finance all this mortgage loans.
Yes the truth of the matter is that the United States of America have already made plans on how to give their citizen the best things that they need to survive in life which makes it look like things are very easy for them.
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Although it's beneficial to real estate operators and owners, it's not beneficial to home owners. I don't see the benefits of using my income to pay for a home that is decreasing in structural value.
Actually been able to have the funds or money to take care of your expenses at the moment when it's needed urgently is one of the advantages of mortgages till date.
Write your reply...advantage of motage motage is very important because it helps the individual to pay insulmwntally and also help you to own a good property even though you are not earnings much
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Mortgage has its own benefits, no doubt. Helping people with loans when unexpected financial demands comes onboard it's simply something worthwhile.
Seriously as far as I'm concerned I don't really see any problem with getting a mortgage in order for you to be able to sponsor or finance any project that you have that and especially when such projects have the capacity of paying back.
The only advantage I see from what you explained about mortgages is that you get to become a house owner even when you don't have enough to buy a house. But when it comes to paying them back, you are on your own.
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You're actually very funny because when a loan is given to you as a mortgage you are the one that gets it alone, so when you are to pay it back, you're definitely one that is to pay back alone.
Mortgage is an easy way of owning durable goods or fixed assets. Mortgage is advantageous, because the mortgagee enjoys possession of goods and also to use the product.
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