Good news about mortgage by Ludmila Martinicka

Majority of teenage people would like to live on their own as soon as possible. To move away from the touching hand of their parents, far far away from their advices, commands and restrictions. Moving from the parents house brings different thoughts to young head. Do I really want to move? Does it worth to leave the comfort they are providing me? Should I live alone or invite a friend to live with me? Will my parent cover all the expenses joined with the flat and my own in additional? Usually, the answer is no. Why should parents pay for another flat, if whole family can live happily under one roof? Well, sometimes it really worths. Similar problem with living have also young couples. To live as a subtenant could be fine in the beginning but not when you want to set up a family. People at the young age use to be on the lower stave of the position ladder at work, what mean also a lower income into the family budget. Luckily, for those who took their life into their hands, there is a possibility of mortgage. And what is even more positive, rates are decreasing and home prices are falling. Also people with smaller salary can afford it. A lot of this has to do with the Federal Reserve's balancing act between encouraging economic growth and keeping inflation under control. Thanks to this step you can find your new home and bring an early Christmas present for the whole family. Don't hesitate too long, because rates can move quickly!

related story: http://www.fool.com/personal-finance/home/2007/12/12/early-christmas-for-mortgage-borrowers.aspx

by Ludmila Martinicka for PocketNews (http://pocketnews.tv)

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