The Terms of Buying a House

Hi VOA, good afternoon, I think buying a house is good if you have the money. You can live in a bigger place and with our own compound. But the problem as you have said is about the real state because the sale price can get up to the peak or too expensive to buy for a house. As you have said if you are under water is really bad because your house is less worth than you bought it. If you are paying a mortgage, you can be in upside down, which means you pay mortgage more than the value of your house. So all these situations make the home buyers really crazy and hanging over their head. If you pay too much money on mortgage, it is very hard to get back on your feet because you loose all the money you have paid. You hit the rock bottom and things become up to your eyeballs. Instead of becoming like this, it is better to be free and clear. If someone wants to by a house, he must pay the bid at once and have the upper hand. But people fall in all these problems because they want to have their own home, where to live in bigger and more comfortable place. Living in a home have some advantages, such as you can own pets, have a garden, many rooms, and a sense of ownership. But the problem is paying the bid or the mortgage. Have a good evening. And bye. Simon

Good for improve my english. Thanks!

That's a really useful article for me knowing the usage of buying home in America. I went to America for a month and back to my country yesterday. I learnt the buying home in America during my visit. Thanks Anna!

Hi thanks good lesson hope will be more to learn

Thanks for the article. I'm in USA for a short time. I rent a studio. it's expensive. So, I think it's better to invest your money in owning a house. However, when you take a loan to buy a house. It's much better to have a high percentage of its price, and mortgage the rest that help you to don't hang over you head. As much as you can keep away from underwater or upside down to the bank.

Hi, thanks for such a handy article. When I studied English in Canada, our teacher taught us English using very practical articles, for example How to buy an old car or Where to shop for the best prices etc. Thank you for doing the same. I found it lovely, especially because it started very funny and exciting conversations within our class team members from all over the world. Concerning the house...my husband and I have chosen the way without a mortgage. The freedom is better even if your kitchen board has been in the kids´room for 15 years and you sleep in a hall. Saving is the way I believe. The bad side of it - you can not invite your snobish and rich friends to your little apartment. Have a nice day. Klara

underwater?