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ABOUT THE AUTHOR
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Fatima graduated with a Bachelor's degree in Economics from ColumbiaUniversity and received a Masters in Economics from Singapore NationalUniversity. Fatima comes from a political background, her father Mir MurtazaBhutto - an elected member of Pakistan's parliament - was assassinated bystate police in 1996. His sister, Benazir Bhutto, was Prime Minister at thetime of his killing. Fatima is the author of two books, understanding thefinancial system published when she was 15 years old and basics of debtmanagement. Both were published by Oxford University Press.Fatima currently writes a weekly column for Pakistan's largest Urdudaily newspaper, Daily Jang, and its English sister paper, The NewsInternational. Recently She has completed her MBA in Finance from HarvardUniversity in 2006. Her diary from Tehran is the second the papersprinted; Fatima also wrote a weekly diary from Lebanon .
 
 Things To Remember Before SelectingMortgage LoansFATIMA BHUTTOMortgage loans are the easiest way toown your house or property. New lowdown payment and longer mortgageterms allows people with low income orlow cash to purchase their home bytaking home mortgage loans. Themortgage amount is the amount of money you borrow from a lender to payfor your house.Home mortgage loans are offered againstcollateral security of the property youpurchase. However, you possess thehouse you purchase and have itsownership as well; the lender also has an"ownership interest" on it until the loanhas been paid.
 
 The mortgage loan rates have comedown, which makes the mortgage loansattractive for borrowers. Mortgage loanrate varies according to loan plans. Fixedinterest loans have an interest that isfixed for the entire loan tenure. Here themortgage loan rate never changes.Another type of mortgage loans isflexible-interest mortgage loans. Theinterest rate of flexible interest mortgageloans increase or decrease depending onthe market condition and the nationaleconomy. Consequently, your mortgageloan's term may go up or down but themonthly mortgage payment will remainsame.Mortgage Loan Application Process
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