our dream house

Just paid the 2% booking fee to lawyer yesterday, now fingers crossed to further documents, paper work, loan applications etc. Despite the hardship i’ve encountered before i’ll never give up  to own my own property before I turn 30. InsyaAllah, god’s will i hope all matters goes smoothly.

WTF – Trusworty Lawyer for legal docs & stamping fee

WTF – Bank loan up till 100%  + MRTA

WTF – Carpet grass for my mini golf turf project

pH – there’s a lot of things that need to be surveyed + cost considered, for now I just hope I get what I want within my budget.

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This entry was posted on Thursday, December 22nd, 2011 at 3:05 am and is filed under property. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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3 Responses to “our dream house”

Cas December 27th, 2011 at 7:48 pm

Hey gorgeous house! Congrats on owning it. Nothing like your own home eh? :)

pilotHans December 29th, 2011 at 7:00 pm

thanks cas, yup…….this place will be call “home sweet home” soon…..now already surveying the renovations/deco/etc that i can do with it……the whole process take a long time and need patience coz it cost a lot if jump to conclusions too fast

mortgage lawyer, mortgage law, mortgage attorney, mortgage solicitor, January 4th, 2012 at 8:47 pm

Before taking out a mortgage it is important to understand the key terms outlined in the mortgage documents and what circumstances can lead to changes in the payment schedule or foreclosure.

Mortgage Lawyer Basics

Mortgage law can be a complicated and difficult subject, so for details on a particular mortgage loan or with help understanding mortgage documents, consult a mortgage attorney.

In basic terms, a mortgage is the legal instrument that secures a loan used to purchase property. Mortgage documents create both a personal obligation from the borrower to repay the loan to the lender and an interest in the property on behalf of the lender that allows seizure and resale of the property to recover the loan amount.

The most common variance across mortgages is whether or not the interest rate is fixed or adjustable. Fixed interest rates stay the same throughout the duration of the mortgage while adjustable can change after a certain number of years.

As the interest rate changes, so does the amount the buyer must pay under mortgage law. Failing to understand and comply with the terms of the mortgage documents can result in serious consequences because the lender has both an interest in the property and a personal obligation of repayment from the borrower.

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