Wednesday, March 26, 2008

Saving up to buy a house

If you are on first time buyer mortgage, do you find any trouble securing your first house? Well, that's what I have constantly heard over the news. While talking to my friend back in the Bay Area, she told me that currently, the waiting time for rental apartments can be as long as six months, or at least three months. It is indeed difficult to secure a mortgage but I do have my stand in the news snippet about first-time buyers squandering their money (source: www.earth.co.uk) as well. Almost 42% of people in the UK who are saving towards a deposit for a house have allowed distractions to get in their way and have spent more instead of saving more for their house. For other news and to get quotes on mortgages, check out the above provided source.