Sunday, November 28, 2010

Importance of savings before getting a loan

Just posted a reply to a question on buying a house for $700,000 in is it normal
in the link given below

http://isitnormal.com/story/is-it-possible-to-afford-a-700000-usd-home-if-61609/#comment-552127

Seemed to be a contrived question as it was a question by some one who is unmarried but having a husband. Further, seems to take the liberty of trying to take their parents assets for granted. But still I have posted an honest answer.

Besides it was inspiration for starting of this log itself.