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Should go for a property at top region?

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devidas_padir Joined: 01 Mar 2009 Posts: 49 6.41 Dollars($)	Posted: Sat Apr 04, 2009 8:53 am    Post subject: Should go for a property at top region? Like 0 Dislike 0 Property at renowned area in a city is not less than a gamble today. I am in quiz that 1. should I go for a suburban property- Low rates but stable, being away rom competiotion. 2. Or should I take advantage of lowered market( at a top area in the city) with a risk of mortgage that may further lower if anyhing goes wrong- more interference of traders and competion. I am an average earner, but in good position to repay a slight higher monthly installments. But I don't want to buy a trouble. Please give sincere opinion lokking forward at the market scenario. Thanks.
adonis Joined: 22 Oct 2005 Posts: 10250 Location: ALASKA 1043.57 Dollars($)	Posted: Sat Apr 04, 2009 10:54 pm    Post subject: Like 0 Dislike 0 Hi devidas_padir, In my opinion, getting a property at low but stable rates would be the better option. Apart from this, you should speak to a few lenders and check out the rates prevailing in that area. This will help you in giving an idea whether you would be able to afford the monthly mortgage payments or not. _________________ Procrastination is the enemy of your financial success

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