Are You Ready To Buy a New Home?

buy new home

Are you considering buying a new home but are unsure whether you can afford it? Many people are. Below a list of tips that will help you analyze your situation and decide what you need to do to get ready. Analyze your debt If you have any high interest debt, like credit card debt, it might be a wise idea to repay it before buying a home. When you buy a home, mortgage is not the only cost you will have – you will also be responsible for maintenance, repairs,…

How to Build Your Home’s Equity

home-equity

Building equity is one of the main benefits of owning a home. You don’t see it happening while it’s happening, but the aftermath is quite rewarding. If all goes well, you end up with a significant asset that you can use for almost anything. What Exactly is Equity? Equity is an amount of your home you truly “own”. You are considered to own your home if you bought it but if you borrowed money to finance this purchase, your lender, usually a bank, has an interest in it until you…

Something to write home about – the definitive guide to mortgages

guide-to-mortgages

Unless you’re royalty or part of the Hollywood A-List set, there’s a good chance that, at some point, you’ll need a guide to mortgages in order to buy a home.  For most of us, this is the biggest financial commitment we’ll ever make and one which should never be taken lightly.  A mortgage – literally translated as ‘death pledge’ is a loan which is granted by a bank for a home purchase and is repaid over an average of 25 years.  The loan or mortgage is guaranteed by the property…

The Definitive Guide To Buying A Home

buying-a-home

So, you’ve decided that it’s time for buying a home.  For many people, the prospect of buying their first home can be daunting and filled with endless documents featuring indecipherable language.  If you don’t know your amortization from your appraisal, don’t panic – we’ve put together the following guide to tell you (almost) everything you need to know. Money, money, money Before you start browsing those real estate sites, it’s time for a reality check.  Shopping for your first home can be really exciting but, first, you need to take…

Ain’t nothing going on but the rent – is buy to let a good idea?

buy-to-let

We’re always told that, when it comes to investment, the smart money’s on property; something that became apparent with the introduction of specialist buy to let mortgages in the 1990s.  There’s no doubt that property is still a sound investment but, with increased regulations and guidelines, is buy to let still all it’s cracked up to be?  We’ve put together our guide to everything you need to know before embarking on a buy to let purchase. Put simply, buy to let is the process whereby an individual purchases a property…