12-24-2009, 03:32 PM
Hi Rizwan,
Buying property is always advisable. It is a long term asset. You don't need to have credit history to buy a house on maortgage. But the demerit is that you might have to pay a bit higher interest rate, if you don't have credit history. If you pay 40% to 50% down payment, many mortgage companies would like to offer you good interest rate.
Regards,
Buying property is always advisable. It is a long term asset. You don't need to have credit history to buy a house on maortgage. But the demerit is that you might have to pay a bit higher interest rate, if you don't have credit history. If you pay 40% to 50% down payment, many mortgage companies would like to offer you good interest rate.
Regards,