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October 26th, 2007

It’s hard to find cheap mortgage these days. Interest rates on homes have once again rise and many homeowners are finding it hard to pay their mortgage, let alone get mortgage protection . And more and more people have been getting poor credit remortgage scores. The banks have been blames for this, saying they approve applications easily when they know that some people would find it difficult to make the repayments if interest rates increase. I find it doubtful but highly possible. Banks profit from interest rates and additional charges. This makes me scared to buy a home, I think I really need to be financially stable to be able to buy one.

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