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Why do you think people find it difficult to meet mortgage repayments?

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Question added by Siham Amer , Financial Analyst , Noor Al Hikmah Group
Date Posted: 2019/01/29
Dennis Dalomias
by Dennis Dalomias , Accountant , Arabian Pipeline & Services Co Ltd (ANABEEB)

Mortgage repayments is usually computed based on a person's income which mostly compensation income. An increase in a person's expenses and without an increase in income will surely make it difficult for a person to meet mortgage repayments. Increase in expenditure will usually come from increasing prices of goods and services.

Ashraf E. Mahmoud (PhD)
by Ashraf E. Mahmoud (PhD) , University Lecturer, Freelancer Consultant and Trainer for Int'l Business & Banking TF. , FreeLancer

Thanks for invitation,

I do believe that, the main reason is that they are unable to compromise nor match between their real total income and their total expenses especially for the long term.

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