When buying a house you certainly expect the best results according to the costs incurred. Because it before deciding to buy a house, you should make a list of priorities that include how cool the house payment. For that, consider the following strategies that you can apply in order to avoid financial difficulties in the future:
1. Determine how financing ability
You're the most know how much ability of financing that can be done. Principle,, buying a home should be to make life more prosperous. Do not get because of the purchase of the house makes it achieve other financial goals in the future. Prepare cash even if you buy it on credit. In general, for an advance payment amount varies up to 30 per cent of the price of the house.
2. Prepare cash for a down payment
A cash fund should be reserved for anticipated expenses such as the purchase of a house so money sign or booking fee, cash advance, deed of sale and purchase, the cost under the name certificates and notary fees, and others.
3. Finding sources of funding
If you want to buy a house in cash, you can set up a regular savings fund or investment. Accumulated funds from saving or investing the profits can be used to buy a house. The upside, you do not need to depend on others and free from the obligation to pay the monthly installments. It just might take a long time to achieve a number of funds you need to buy a house. If you want to buy a house on credit, you can apply to the bank. In general, the credit funds that can be given a maximum of 70 per cent of the price of the house to be purchased. The remaining 30 percent must be financed by itself and is regarded as a house down payment.
4. Check the obligations on other parties
Banks have their own analysis and information sources that can be trusted to find a picture of your financial condition. Therefore, before applying for a loan to the bank, verify the obligation to pay your debt to other parties such as credit card payments, installment motorcycle, car payments and so on.
5. Ask for Grace Time Payment
If you are buying a home or property directly from the seller, after the price was agreed, ask the seller delayed payment. Explain to the seller for payment of property purchases is through the process of disbursement of mortgage funds takes about two weeks to a month.
1. Determine how financing ability
You're the most know how much ability of financing that can be done. Principle,, buying a home should be to make life more prosperous. Do not get because of the purchase of the house makes it achieve other financial goals in the future. Prepare cash even if you buy it on credit. In general, for an advance payment amount varies up to 30 per cent of the price of the house.
2. Prepare cash for a down payment
A cash fund should be reserved for anticipated expenses such as the purchase of a house so money sign or booking fee, cash advance, deed of sale and purchase, the cost under the name certificates and notary fees, and others.
3. Finding sources of funding
If you want to buy a house in cash, you can set up a regular savings fund or investment. Accumulated funds from saving or investing the profits can be used to buy a house. The upside, you do not need to depend on others and free from the obligation to pay the monthly installments. It just might take a long time to achieve a number of funds you need to buy a house. If you want to buy a house on credit, you can apply to the bank. In general, the credit funds that can be given a maximum of 70 per cent of the price of the house to be purchased. The remaining 30 percent must be financed by itself and is regarded as a house down payment.
4. Check the obligations on other parties
Banks have their own analysis and information sources that can be trusted to find a picture of your financial condition. Therefore, before applying for a loan to the bank, verify the obligation to pay your debt to other parties such as credit card payments, installment motorcycle, car payments and so on.
5. Ask for Grace Time Payment
If you are buying a home or property directly from the seller, after the price was agreed, ask the seller delayed payment. Explain to the seller for payment of property purchases is through the process of disbursement of mortgage funds takes about two weeks to a month.
Very imformative blog, Exactly what i was looking for. Will bookmark this blog for future posts . Cheers:) Source: Vision Finance
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