Mortgage is a big step to take financially so if you are new to this then you better plan this out properly. In short you would have to take mortgages seriously if you do not want to be a part of a bad statistic showing those whose finances have failed because of mortgages then you better be all ears. Here are the things that you ought to know about mortgages:

Long term commitment

This is one of the major reasons why you would have to really focus on why you would want to really go for mort...

The thought of taking out a mortgage loan seems attractive at first but the moment you realize the financial burden that it impose, you suddenly wanted to drop off your loan and cancel it. Well, if loans can be cancelled, getting a loan approval should not be that hard. As it turns out, your only way out is to repay your loan in full. If not, you have to deal with a lot of consequences – starting from saying goodbye to your newly purchased home down to getting a bad credit score.  Do you li...