Everybody seems to be hankering to buy property these days. And rightly so. After all, property prices seem to be on a permanent upswing and there is little risk involved. If one owns a house, one also has security for the future. One does not need to worry about shifting from one rented apartment to another. Buying a house is safe and sensible. Unless one is planning to invest in a home in a less respectable part of the town, one’s investment is likely to be quite secure. However, houses do not come for cheap, and putting together the funds to buy one may not be too easy. Most of us have to turn to the device of mortgages to help us pay for our dream homes.
Now, mortgages these days are a dime a dozen. However, this does not mean that each one is as good as the next. Anybody who is applying for a mortgage should be aware that this will be a long-term expense. Unless one is expecting some kind of a windfall in the near future, one is not going to be able to get rid of the mortgage installments in a jiffy. That is why we should take care to look for the cheapest mortgages available. This would require a good deal of research and study of the markets. This would also...