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Personal loan
Benefits of Getting a House Loan
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[QUOTE="Jasmine, post: 238476, member: 49159"] I don't have a house and I don't have a house loan, however, I perfectly understand the benefits of getting a house loan. Once of the reasons why I have never tried to invest in a house is because when you are a house owner, you are expected to maintain your house and this cost a lot of money. In order to become eligible for a house loan, you need a regular income source. You need to show the banks that you can actually pay the loan. You cannot get a house loan if you cannot convince your bank. If you have a regular income source, you can easily acquire a house loan. A lot of people buy house through a house loan because house loan have a longer terms, 15 or eve 25 years. When you have a long term loan, you can easily manage to pay interest and loan installment. Best thing about buying house with a loan is you save money on your house rents, you can also rent your house and make money, and you can use the rental income to pay back your loan. Buying house with a loan is good idea if you have family. [/QUOTE]
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