The first and
biggest hurdle to buying your own home is money. Few buyers, if any, try to buy
a home without financing because it just doesn't make sense. In addition to the
relatively low price of credit, why would anyone pass up substantial mortgage
interest tax relief? Then there's the opportunity cost. Even the most
financially secure among us won't want to tie up hefty capital in real estate
when it could be spread across several investments in a diversified,
well-planned portfolio.
Typically, home buyers pursue a loan in amounts of
80 or 90 per cent of the purchase price of the house. The remaining percentage
is required in cash from the buyer's own savings, and is called the down
payment. It's not unusual for lenders to finance up to 95 percent of the
purchase price, as long as the client has a steady income and reasonable credit
history. The loan or mortgage is usually spread over 15 or 30 years. If you
sign on for a 15-year mortgage, you'll get a slightly lower interest rate but
monthly payments will be higher (on average, about 27 percent higher than with
a 30-year mortgage), but you'll save substantially on interest costs - and own
the house outright 15 years sooner. Some
people need homes:
Your Own Garden
A spacious home garden offers untold benefits for living as a place of relaxation and to enjoy nature. You can relax in the garden during evening and watch the children play; even have a pleasant family dinner.
Your Peace of Mind
Living within the exclusive enclave here is sheer peace of mind with stringent entry control at the entrance guardhouse where residents authorize entries of vehicles. Each home unit will also enjoy electronic card access.
Your Personal Privacy
Stand-alone bungalows blessed with land areas surrounding the house offer optimal privacy for living.
Your Spacious Option
You may wish to convert space for a personal gym, add an entertainment area, a personal study, or even extend the porch to shelter your cars.
A spacious home garden offers untold benefits for living as a place of relaxation and to enjoy nature. You can relax in the garden during evening and watch the children play; even have a pleasant family dinner.
Your Peace of Mind
Living within the exclusive enclave here is sheer peace of mind with stringent entry control at the entrance guardhouse where residents authorize entries of vehicles. Each home unit will also enjoy electronic card access.
Your Personal Privacy
Stand-alone bungalows blessed with land areas surrounding the house offer optimal privacy for living.
Your Spacious Option
You may wish to convert space for a personal gym, add an entertainment area, a personal study, or even extend the porch to shelter your cars.
Renting is quite troublesome because you need to pay the monthly rate. This is the reason why I loaned money to buy a house. I just couldn’t bear spending any more of my hard-earned salary on something I know I wouldn’t be able to claim as my own. Here are a few tips I learned from buying a house: a.) always bear in mind that you must know everything there is to know about the loan agreement (rate and duration of payment) before signing the contract; b.) see to it that you have your lawyer with you at the signing to help you sort out the documents.
ReplyDeleteSara Owens
Indeed, many of which we can share information for the purchase of a home and home prices more than doubled, as well as rental houses or hotels. With the availability of your comments we are able to spend on a regular basis. thank you
DeleteHaving your own home is indeed one of the most fulfilling things that anybody can ever experience. You’ll have the security that your kids will have a home to inherit and to treasure in the future. I know there are times that owning a house can be very expensive, but I believe that the security, protection and peace of mind that come with it outweigh the cost.
ReplyDelete-- Armandina Skerl
Among the things listed here, I do prioritize the house’s privacy. It was a long time of searching before I found a house that is cozy, near the roads, and can respect the privacy that my family wants. We can be assured that we can have a private life in this vicinity. Well, in case of emergencies, we still have some neighbors that were willing to help. We just need to give them a call. :)
ReplyDelete[ Carmona Monrovia ]