Property Price and Locking The Price

The reason people want to buy property at a young age is to lock in the property price, but not many people have ever calculated how much interest pay. Don’t be surprised if the total interest paid is enough to buy another property. So locking in the property price does not equal locking in the cost, and property price don't always go up. Looking back, most people can’t afford to pay cash for a property, thus they apply for a mortgage. Ironically, at the end of the period, they end up paying twice as much as the purchase price. 101 Property School will not only educate you about mortgages but also guide you on how you could use them to your advantage.