EFFECTS OF MORTGAGE FINANCE ON YOUNG ADULTS.
Housing is generally considered to be an important need for human survival. In that regard, the urge to occupy a decent shelter is very paramount. Availability of decent and affordable housing is what stands out in a developed country. Mortgage is a pledge as a collateral for a loan, it can either be domestic or commercial. Housing in general does not command consensus definitions among many who regards it. It therefore, interfaces with other segments of the Country Economy i.e. Business, Environment sectors, Financial sectors which include institutions, Is taking a debt an investment or just a form of over consumption? Many young adults opt for mortgage to solve their financial needs without considering the repercussions. Before we take a mortgage loan, let us ask ourselves this questions, is it worth it? Is it okay not to pay? As many individuals take the mortgage loan as the only solution to their financial trouble, they will try their best to pay it off, when the ...