BUYING A PROPERTY

BUYING A PROPERTY

A good number of buyers tend to fall in love with properties that are way beyond their finances, leaving them hurting and unable to properly budget their finances. Don’t make the same mistake. When shopping for a home, a rule of thumb is to make sure your monthly repayments do not cost you more than 25% of your family’s net income. Another thing to consider is putting up the 20% deposit which helps you avoid the mortgage insurance.

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