A
house is one of the most expensive things you will buy in your life
time. It’s also a great achievement that can secure your future.
Instead of wasting money on rent, spend it on your own house instead.
Here are some tips on how you can finally afford a house:
-
Save money on your down payment.
While
you can get a mortgage, you still need to pay some money for down
payment. This will be an out-of-pocket expenditure you need to
prepare for. Start consulting with a financial advisor in Vancouver
such as Chalten
Fee-Only Advisors
to determine the money leaks in your life that is the reason why you
are not saving as much. If you know how to plug these money leaks,
you can save faster for your down payment.
-
Improve your credit score.
Another
area where your financial advisor in Vancouver can be of help is in
improving your credit score. Lending companies will look at your
credit score to determine your ability to pay for a house. If you
have a poor credit score, you might not be able to get a mortgage or
be able to get the mortgage terms you want.
-
Buy smart.
Don’t
buy more than you can afford and more than you need. Also look into
buying a house for future investments. Buy a house with a good
re-sale value.
With
these tips and with careful financial planning, you should be able to
buy the house of your dreams and not be stressed-out with paying for
your mortgage.
For
more details about Fee
only financial planner
please visit our website: chaltenadvisors.com
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