Real Estate

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Mortgage has been identified as a popular mode of gaining ownership of a house or property whereby timely principle repayments and interest payments result in the transfer of ownership at the end of the mortgage period. Mortgage usually involves payment of an initial deposit at the start of the contract which due to recessionary phase has been significantly increased by the banks making it difficult for potential property owners to get a mortgage.

Credit Crunch 2008

The credit crunch that hit the American financial institutions in 2008 ultimately led to … [Read the rest]