In the current economy, must envy those who are living w/o debts. These are the ones who can plan to do up their renovation, or car purchase with 100% cash up front. They avoided interests. Even better, they still have funds for investments and/or businesses.
For most other people, I guess, that's a luxury. Some may have no better choices but to live with interests, while some who could do similar, but choose to have cash on hand to invest or run businesses for higher ROI. Then, how to maintain low interests is very important.
Especially, it is very seldom anybody is able and willing to pay full cash for property. The Money Magic site offers much information about mortgage, such as definitions of terms, rationale of plans and they offer service to source for the deal that is right for you and your circumstances.
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