Buying a house through a loan

[Nomad]

Would you consider buying a house with a loan? What are the advantages and disadvantages of buying a house with a loan? Well, if I had a stable finances, I would certainly consider buying a house through a loan?

 

[Springtime]

When I bought my apartment 15 years ago, I took out a mortgage loan. Housing is expensive here. Most people need to take out a loan to buy an apartment.

 

[AruneBend]

A lot of people takes a loan for things such as house it's not a bad idea if you can pay it back later of course

 

[mrki444]

I had loan in bank when I bought apartment. Thank God I pay it off in two years and now I am free. It was small loan, 9000 euros, but still stressful for me.

 

[Trush Jodie]

If one has a good paying job that is secure, I don't see anything wrong in getting a loan to own a house. It is an asset.

 

[neku]

Mainly those who have a job can take a loan for purchasing a house since banks will require proof of income. Those who are self employed, investor making a loss due to financial fraud, will not get a loan.

 

[Starmix]

Many acquired a house and lot payable for 25 ears and my niece , a newly wed and a young mom was able to apply for a loan and pays the housing loan at $ 400 a month. She and her husband plan to pay it in 5 years time.

 

[mrki444]

Do you get lower interest when you ask loan for house than for a car or something else? We get lower interest since most time for house you spend much more than for a car.

 

[King Belieal]

If the loan is a long term loan, it is not out of place to get it and purchase a house as long as you have a good job that would help you to pay back the loan.

 

[hussainsherazi]

When buying a house through loan, you must factor in many factors:
1. You can payback the loan amount in monthly installments from at least two sources.
2. The location of house is good and whenever, you get in a crunch, you can payback the loan by selling the house and still has a lot of amount at your hand.
3. Look for any hiddne charger or fees and also, keep an eye of some hidden conditions that may get you introuble in future.

 

[Suba]

Of course, it will be very profitable for someone to buy a house through a loan, especially through a mortgage, we only need to pay the down payment and can immediately occupy the house, payments can be paid in installments according to our abilities, of course the longer the monthly installments will be, the smaller it will be.

 

[Xtynehappy]

Buying of the rental houses for business is indeed very great option for almost everyone. It's very worthy as the demand for houses is very large.

 

[Kross]

Buying a house is something that is very important and if one can find a mortgage, they should go for it.

 

[Augusta]

it isn't a bad idea provided the interest rate isn't overwhelming and again I have a good repayment plan that would not pressured me.

 

[freelancermaria]

Yes, I will consider it, as long as I have the money to repay the loan each month. There is nothing wrong with it. However, since my finances are quite unstable, I won't consider buying a house in the meantime.

 

[Augusta]

You are right , as long as one have the money to repay the loan each month. Then you can go for it