To take or not to take out a loan?

Is it worth borrowing for housing? There is no clear answer to this question. Everyone dreams of own housing, but not everyone can buy an apartment or a house. Many decide to take out a loan for housing and thereby solve this problem. Some are frightened by the fact that for 10 years - 30 years will need to pay a certain amount of money. A friend asked me to advise him. Here are the arguments of Miranda.

"I live alone in a rented apartment and pay $ 1800 every month. There is a guy for whom I want to get married. How should we be? Rent one apartment for two or take a loan for housing and move into your own house?"

If the family budget of Miranda and her husband will allow you to pay a mortgage, it is logical to buy a house on credit. In this case, it is necessary to choose a lender with good conditions for providing money for the purchase of housing. Before entering into a contract, you need to consult a lawyer.

Loan conditions can be different. First of all, it is necessary to pay attention to the credit rate and force manure circumstances. The lien on the loan should be the object of investment. In the crisis of 2008, the value of real estate fell, and it was more advantageous for some to give their house to the bank than to pay the amount that the house no longer cost.