Are you one of those individuals who can’t have a peace of mind unless al your debts are settled? Well, I am one of those types of individuals. I hate debts and if ever I can’t control myself from using my credit card or getting a loan, I always make sure that I pay for all my dues on time.
Right now we have two existing housing loans. We acquire our first loan when we bought our house and lot in Bulacan and the second one was when my mom’s friend sold us her two door apartment at a price that is very low compared to its market value. And so even though we have no plans of acquiring a second loan, my husband was able to convince me to get another loan since he thought that it is a good investment and the fact that it is being sold at a very good deal.
Although I agree with my husband when we got our second loan and I totally agree with him that in the long run, it would be a good investment, it is still bothering me since I am really not comfortable if I owe somebody a big amount of debt. Add to that the fact that the monthly amortization for the two loans is quite hefty that I sometimes feel worried if we will be able to pay both of them on time. I am even thinking to get a debt reduction program so we can consolidate our two loans and we might get an even better deal in terms of the modes of payment or the interest rates.
Oh well, sometimes there are just people who is like me who is not really comfortable when they are in debt.
Right now we have two existing housing loans. We acquire our first loan when we bought our house and lot in Bulacan and the second one was when my mom’s friend sold us her two door apartment at a price that is very low compared to its market value. And so even though we have no plans of acquiring a second loan, my husband was able to convince me to get another loan since he thought that it is a good investment and the fact that it is being sold at a very good deal.
Although I agree with my husband when we got our second loan and I totally agree with him that in the long run, it would be a good investment, it is still bothering me since I am really not comfortable if I owe somebody a big amount of debt. Add to that the fact that the monthly amortization for the two loans is quite hefty that I sometimes feel worried if we will be able to pay both of them on time. I am even thinking to get a debt reduction program so we can consolidate our two loans and we might get an even better deal in terms of the modes of payment or the interest rates.
Oh well, sometimes there are just people who is like me who is not really comfortable when they are in debt.
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