A home is a great security for the future. That is the reason why property is the favorite of investors everywhere. And this is not at all a new story. A homeowner is bound to feel far more secure than a person who lives in a rented house. When you possess your own house, there are none of the worries of looking for another place to live in when the tenancy contract expires. Nothing less than a major crisis could make you lose your home eventually. Of our three basic necessities, the necessity of shelter is not just a need anymore. These days, it has also become an important investment option.
Thus, large numbers of people are choosing to put their money on a house rather than in stocks and shares. For one, a house is a far more stable investment. It may be subject to the rise and fall of prices, but to a lower extent. Moreover, with the amount of pressure that is being placed on land nowadays, any kind of property investment would be a sound one. As a result, mortgage providers are very happy. They happily dole out mortgages to house buyers provided that the latter fulfill certain initial requirements.
Now, mortgages tend to be long term investments. Repaying...
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