Get Loan Savvy
Gusto mong umutang? Financial consultant Pete Diomampo of Diomampo consulting Corporation is witness to many who went into debt and lost their properties, inlcuding their homes, because they couldn’t pay back their loans. “They mortgage the very house they live in and it gets foreclosed. This is a very traumatic experience for the family, especially for the children,” he says. Here are the questions you have o ask yourself so you can avoid falling into the same trap.
Do I really need to borrow money?
How much money should I borrow?
Where should I borrow?
How will I pay back the loan?
What should I use as collateral?
source: Good Housekeeping
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