Mortgage. Is it easy?
It is always nice to have you own place where you can take a rest, where you can place all the things in the way you want, you can return here from wherever in any time.
Your home is your stronghold. It secures you from rain and snow. To cut a long story short, there is so many good things can be mentioned about it that anyone can keep speaking of it infinitely. And probably the only bad thing or at least the thing that holds up people from having all of that precious stuff is the cost of it.
Any property costs a lot and it is a common problem for the majority of young people around the world. Even a small apartment in a town costs considerable sum of money and it takes a lot of time to save enough for purchasing it. However in most countries there are such things as mortgages.
This is a loan which is secured by real property through the use of so-called mortgage note. This makes you able to get a house right away and pay little by little for that each month over a rather long period of time. It is not a secret that you will pay more than the initial cost of the property was but for most of people it is the only possible way of acquiring a house.
In some countries the interest rate is that high that people by the end of the period pay two times more than the initial price was and sometimes the last price is even higher. Anyway there are different situations and we should be pleasant that mortgage even exists and we can use it.
Nobody makes you to do so, right? So there is no reason to blame the government of your country or someone else that it is expensive. Anyway this is rather difficult issue and it will be better for you to learn about it as much as possible. And I would advise you to read this http://www.amazon.com/Kamal-Nath/e/B001JRTI46 by Kamal Nath, University of Calcutta in order to get familiar with some ABCs of mortgage loans.
Before making a decision of taking this type of loan you better to weigh the pros and cons in order to make sure that you will be able to pay off a mortgage. Think carefully of all the given costs besides the mortage. May be you are thinking of having a child. Be careful especially with the last statement because not many people really can predict how much money they would spend on child maintenance.
There are much more things you should think about so probably you would like to consult with your lawyer or some of your friends who have done this already.