LOAN FOR HOUSE?

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Legacy_user
Legacy_user Posts: 0 Newbie
in Loans
hi. i dont know if anyone read my other msg today.
but i want a house urgently as i'm sick of moving and renting. is it a good idea for me and my partner to get a loan for a house? we dont have any savings as were paying off the car. we wanna move asap and i'v seen houses for about 72000. any ideas????

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  • Woby_Tide
    Woby_Tide Posts: 5,344 Forumite
    First Post Combo Breaker First Anniversary
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    your probably better posting this in the mortgage section of the messageboards, will get better responses there from experts
  • scheming_gypsy
    scheming_gypsy Posts: 18,410 Forumite
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    i'm no financial expert but i wouldn't say a loan is the best idea. the best interest rate you'd get for a loan is around 5.8% which is higher than a mortgage, plus that's a fixed rate and the mortgage rates can drop as well as rise...
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