MANFRACO PUBLIC RECONCILIATION DOC

THIS BLOG POST IS BEEING CREATED TO HILIGHT OUR WAYS OF LIVING TODAY, SO THAT, WE MAYBE ABLE TO DISCUSS THOSE THINGS WHICH COULD HELP US SURVIVE THE ADVERSITY OF LIFE, OR ANY OTHER MATTER THAT NEEDS TO BE DONE. ANYBODY THAT IS WILLING TO TAKE PART IS WELCOME TO DO SO.
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Sunday, October 10, 2010

Buy your own home now

THIS BLOB HAS BEEN CREATED TO INVITE MEMBERS OF THE PUBLIC WHO ARE WILLING AND ABLE TO TAKE PART IN USEFUL DISCUSSIONS. THIS POST IS A VERY SPECIAL POST, BECAUSE IT INVOLVES JUST ABOUT EVERYBODY, AS WE ALL WOULD LIKE TO HAVE OUR OWN HOME, SO LET US HOPE IT HELPS SOMEBODY.

Manfraco Public Reconciliation
Buy your own home now
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WELCOME!
YOU ARE INVITED!
You are invited to browse as long as you like, we hope you find this post helpful.
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Buy our own home
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This is the dream that everybody dreams, we all want to own our own home, so that we can feel safe and proud, even if it is only a small place to start with.
In my previous post I just said that it is hard to buy a house, because their price goes up continually; however anybody that is serious enough and wants really to own a house have got to start somewhere.
Money this is the problem. Where do we find the money to buy a house?
Well you will never be able to buy a house if you do not have any money yourself.
So, if you have a job start saving some money, each time you get paid do not spend it all, just deposit whatever amount you can spare in a bank deposit, you will see that as the time goes by it will grow.
Ask some expert about how much money you need for a deposit before you get involved in buying your place. It is better to start with a small house, so that you may be able to afford repayments of your loan.
Every able person should try to buy their own house, it is worth the effort.
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People often ask; should we rush and buy our own house now? before it becomes impossible to buy anything, because of price rise and the money interest rates still rising, what can we do?
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My answer to that is; No, do not rush, buying a home is not that easy, just be preapared and work out what you can afford, then when your figures add up and you feel that you have a good chance to pay your loan, go ahead and buy it.
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Just do not worry too much when the money market changes, it usually goes up and down, anyhow this is what was in the news;
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TODAY
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The Reserve Bank has followed up on its governor's warning to homeowners, by lifting official interest rates by 0.25 percentage points.

The move takes the official cash rate target to 4.25 per cent, and will move most major banks' standard variable mortgage rates above 7 per cent, provided they pass on the full increase.

RBA governor Glenn Stevens said while lenders had generally raised rates a little more than the cash rate, interest rates to most borrowers had been somewhat lower than average.

"The board judges that with growth likely to be around trend and inflation close to target over the coming year, it is appropriate for interest rates to be closer to average," Mr Stevens said in a statement.
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Anyhow as I said; Buy your own home now
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