We have been renting a house since 1999 and it is one of the expenses every month that we dread. Maybe because there are times that we don’t have the money to pay for it and we are really afraid that the owner will kick us out.
It is hard to pay for the expenses and it was only my sister who was paying the monthly rent that time. I was studying college through scholarship and I was working part time in the internet cafe during nightime.
My mother inherited a house and lot but due to some unexpected circumstances she sold it at a lower value because it was mortgaged.
I vowed to myself that I will buy own house and lot.
Now, I have my own work and I think having my own home is harder than I think. The salary that I am earning cannot even covered our daily expenses much more save some money to buy a house.
I tried to ask one of my bestfriend on how to avail a housing loan in their subdivision. She got a home mortgaged for fifteen years with two bedroom and up and down and she’s paying more or less Ten Thousand a month.
To my horror she told me that you need to have a monthly salary of Twenty Five Thousand to be approved of a home mortgaged in their subdivision enrolled in the Home Development Mutual Fund.
My salary is not even half of the requirements. I feel so disappointed and hopeless already.
I don’t want to see myself renting my whole life. I want to see myself sitting in the porch maybe reading a book or knitting a dress just enjoying my twilight years rather than working hard late in my retirement years.
To have my own home will not completely solve half of my problem but surely it will make the load light.