Many young and not so remain living in the house even though their parents may be independent because they have their profession and a stable job. Others, who have taken the step to move, seen as the logical move, thinking of renting a property is to buy a very complicated or for married couples.
Sure you have read that there has been a major economic crisis, and that one of the areas most affected is the real estate industry. All that is real, but the other side of the coin is that interest rates have fallen to historic lows and that house prices also fell. The crisis has begun to sag, but the interests are kept very low, allowing them to pay less for a mortgage but the price of houses has begun to rise.
This means you should not wait to evaluate if you can buy your first property. Check out these tips
To the extent that you are better informed, you will give stronger to reach your goal of owning steps.
Start working to meet the requirements and prepare your plan of action.
You must prove that you are employed in a solid work and have at least two years employed with a stable track record in the same field.
For recent graduates may be extenuating and in some cases could approve the loan depending on other conditions.
Make all your payments a day, that will be part of your credit score which is essential for loan approval.
Beware the gay expenses.
There are many temptations when you have a good salary and few obligations. Travel, a new car, jewelry or expenses for many outings and social commitments are some of them, but do not be seduced.
Prioritizes the purchase of your home, and do all of the above that I mentioned, is secondary.
Do not purchase unnecessary and apply for loans or credit cards while you are in the process of buying debt.
Saving is mandatory. Try not to waste a penny because when you buy have not had before expenses, including maintenance, adjustments to property taxes and insurance.
It also saves for closing costs or soon your property. You should know that although you will not be allowed to make an additional loan to cover these expenses, if accepted to receive a donation for it. Your bank will inform you about the requirements of this.
Looking orientation with a real estate agent about buying opportunities.
It is a myth to think that as a buyer have to pay a commission to the realtor. Who pays the commission is the seller of the property, unless there is no agreement in the contract.
To purchase is not required to have an agent, but that is the professional who can take you step by step through the buying process, to inform you all the details. In most places they will require a license to practice, make sure you meet the requirements to do their job.
Buyer house at 25 years with a loan to 30 years, and at age 55 you could be free of mortgage debt and gain on your home. In a country like the United States, where many retirees have a lot of debt and an income that sometimes is not enough for expenses, that is almost equivalent to get you the lottery.