About a year ago, Mike decided on investing on a condominium. There was a good place in Pasig that he really wanted. We even toured the location and the not-yet-finished condos. But as the Granny visited the place, she had a lot of negative criticism regarding the surroundings that wouldn’t be suited for a growing child like Yz.
I don’t know if he can really afford the balloon payments for that condominium. I mean, he had money set aside for the initial payment, but what about the next coming months and years? What if he weren’t able to pay the mortgage loan?
Owning a house or a property for the long term should be well planned. I’ll be checking out the latest mortgage interest rate to keep me updated.
{ 5 comments… read them below or add one }
magaling! magaling!
Make or Break
@pehpot: thanks. the property is near your place. sayang nga eh, eh di sana magkalapit lang tayo hehe.
Please let me know if you would like to exchange link with a pr 3 blog, thanks!
ayaw daw kayo paalisin ng granny sa bahay nya. hehehe
a house of your own, you have freedom to decorate it. But bear in mind expenses you need spend on maintenance and others.