joy of living

Lawrence says : I heard about Jacksonville NC houses for sale from a friend who was just too eager to have one. Pride of ownership is the number one reason why he yearned to own a house. According to him, when he rents a place to live, he would certainly have expected an increase of rent each year – or even more.

If he will get a fixed rate mortgage when he buy a home, he will get the same monthly payment amount for fifteen or thirty years. Even if he will get an adjustable rate mortgage, the payment will stay within a certain range for the entire life of the mortgage – and interest rates aren’t as volatile now as they were in the late seventies and early eighties.

Some people are just lousy at saving money, and a house is an automatic savings account. You accumulate savings in two ways. Every month, a portion of your payment goes toward the principal. Admittedly, in the early years of the mortgage, this is not much. Over time, however, it accelerates.

Buying a property will probably be your biggest single investment. So it's important to work out the total cost - not just the mortgage - and how much you can really afford. You also need to plan for increases in your future outgoings, like a rise in interest rates.