who benefits from cheap mortgages??
i have heard that bank/building society branch managers benefit from cheap mortgages. is this true? do all workers within a financial setor benefit from a cheap mortgage?
Not really because just back in january or february becuase mortgages were so high a bank almost became bankrupt. Another company helped them out of debt and then bought them. Cheap mortgages are only good for the buyer but terrible for the neighborhood because it lowers price values of everyone else's house. It doesn't give the mortgage company as much money so their business does not as good as before the slow down.
Everybody makes money except the buyer, the other person makes no sense.
Related articles
Who will lead the world out of the 2008-2011 financial crisis?
I need help applying for financial aid!?
Did you know?
Is it common to appeal for financial aid if you go over 150% of your hours and what are your chances?
I stop attending com. college. & college,3yrs ago I finished over 80 units, Im 20. Possible to receive? financ?
| Finance plays an all-important role in life of any society irrespective of its social order. Experts should know well the nature of the finance, understand features of formation, distribution and use of financial resources in the state, and also in functioning of credit-and-monetary system. The economist should be prepared for professional work in state structures of federal, regional and municipal level; banks, stock exchanges, the financial and insurance companies, investment funds, the Ministry of Finance of the Russian Federation, economic services of the enterprises and the organisations of all patterns of ownership, on the posts demanding the higher economic education. |
