Monday 10 October 2011

3 Things that change after you have taken mortgage

3 things can change after you have taken on a mortgage 

1. the property value will change
  • the value could increase a bit
  • the value could drop by a bit

Are you prepared for the drop in value while you no doubt love the increase in value?
The fact is, all of us like values increasing. most of us curse our luck & look for someone to blame when values drop.

2. the loan repayments will change

  • repayments will go up
  • repayments could come down
You will love the fact that repayments are coming down or decreasing. Are you prepared for repayments to increase?
The fact is, most of us hate it and wonder why we have to pay more. we look for someone to blame when repayments go up – the banker, the mortgage adviser or someone else.

3. your personal situation could change
  • incomes could change – drop in incomes are possible
  • jobs could be lost – redundancy, ill health, other reasons
  • personal situation could change

are you prepared for this change?

if you are not prepared for even 1 of these 3 – do not borrow money for a mortgage til such time you are prepared.
i can show you how to prepare for all of this.

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