Thursday, November 8, 2007

Mortgages ? A Long Term Debt

The average price of a house in the UK is now well over ?100,000, and not many people would be able to find such a huge sum hidden under the mattress. This means that the majority of us have to borrow to buy our home, and usually this means taking out a mortgage.
Don?t Want To Be In Debt?
Debt is now a fact of life for all but the most fortunate of us ? whether that means a small overdraft or a large mortgage. Thankfully this no longer carries the stigma of yesteryear, and as long as you properly manage your debts there should be no reason to fret about owing money. In fact, having a mortgage will improve your credit and help to convince your bank manager that you are financially sorted!
Save Money By Buying A House?
Often mortgage repayments can work View the rest of this article


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