Everyone wants a home. They all want to get the burden of annual or monthly rent off their bill and realise their homeownership dreams.
Except someone comes upon a huge cash windfall, earns more than the average income-earner or he is a successful businessperson, he needs to plan extensively and weigh all his options before embarking on a housing project.
Funding a home is not an easy feat and most individuals require debt instruments to execute such projects in good time. The most common instrument among these is mortgage which guarantees the borrower a sum of money to make the real estate purchase and the debt is serviced over a period of time.
