Borrowing Money in a Positive Way
Buying A House
Consider buying a house if you have been renting for a year or so. Money wise, calculating how much will you pay for the next five years, it is a lot of money that should be in your pocket. Buying a house is an investment not an expense. Over the years, the monthly payment which is fixed-that you pay for your motgage earns a home equity but most banks will not avail to you so beware of a bank account manager who is only happy to serve you when you are financially stable, holding a high paying job and maintaining a regular savings account. Once you lost your job, it is noticeable of her selfishness by not giving you a reasonable advice. You have other options. Do not sell your house like most others do and also it is the purpose of that bank manager for you to do. Don't even withdraw your savings. What you can do is to shop around to re-mortgage your house. You will pay the penalty and re-start paying amortization but the most important is, you retain the ownership of your property and never lost your chance. Your outside debts like credit lines, car loans and credit card loans will be wipe out consolidated to one account as your monthly payment. Take the first job that comes around for the bank approvalof your new loan. At least you're not moving out and live comfortably.