Buying a House With a Loan: Good or Bad

Jasmine

VIP Contributor
Before you buy a house, you need to think about a lot of things. To get a loan for a house, you need to have a steady source of income. You have to prove to the banks that you can pay back the loan. Without convincing them, you won't get the loan. If you have a steady income, it's easier to get a house loan. One of the best things about buying a house with a loan is that you save money on rent. You can also rent out your house and make money, using that rental income to pay off your loan. Buying a house with a loan is a good idea if you have a family.
 
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