mortgage

Because it's easy, safe, worth to have some loan. Second importent thing is this won't affect your daily life that much except the EMI's. Third basic satisfaction is, Nobody notices the matter till you are not a defaulter in paying back your loan. A common man has this as the only maximumvalue asset with him to mortgage.

1, If the money is required in big quantity for business purpose or to carry out emergent repair works at home, or to bail out some family member who is in financial mess 2. It is better to mortgage the hosue which is called the secured loan rather than borrowing without security where the rate of interest is higher.

It is worthy to have mortgage if we are going to use the money for more worthy thing and really needs us to do that.