The home buyers are usually confused with the mortgage which are can received and the house which can afforded. Those two things aren’t the same event. They have to know the strategy on how to get the best and most convenient house with a low payments loan. People have to underline the monthly fee should not exceed 28 percent of their gross revenue. This formula is calculated based on the price of the house and coverage all the main elements of mortgage, such as principal, interest, insurance and taxes. If people have much gross income, they can pay the monthly fee up to 40 percent.

The after effects of the recent global credit crunch are still being felt by many people around the world. Many businesses are still trading at record lows and the property market is still as slow as ever due to the shortage of liquidity in the markets. With so much uncertainty still ahead of us, where can we see the property market going from here on?