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When buying first home study this small
home buying checklist
to help you make sure that your first purchase doesn't bring you a future full
of regret:
Have you looked into the best payment modes?
Have you checked out all the available mortgage plans, big banks, government
home-buying programs, and credit unions locally available to you to tap?
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If you have damaged credit or need financial help, it is still possible to get
mortgage loans with bad credit. Be extra careful with this type of lender, a
deal to good to be true maybe just that.
Signing
a deal with a good lender who won't take advantage of you at any point during
the purchase should give you peace of mind.
Also, have you looked into good owner-financed homes up for sale lately?
Those will allow you to save up significantly more than if you buy homes with
regular loans. This is made possible by the fact that you would buy from house
owner directly.
The owner is someone who, hopefully, has a heart, and not like many corporate
owned lending institutions that would mostly likely have this heartless tendency
to "compartmentalize" their clients.
Have you done enough shopping?
In other words, are you buying impulsively? The "buying first home" jitters, may
in fact be that better part of your brain telling you to keep your options open!
This house may seem like your dream house, but if you bide your time a little
bit more, there may be other better dream houses and better deals that will come
your way, ones that would be more practical and would prove to be the better
investments. Don't decide on your first look - in your over-enthusiasm, this
could be deceiving.
Can you imagine yourself living comfortably in this house and in this
neighborhood for a long while of your married life?
Do you see everything to be relatively worry-free from financial and
infrastructural problems? If you can, well, by all means, you may as well go all
the way!
The "buying first home" jitters are a natural nag, and definitely something you
should heed and not ignore.
You must approach this major commitment with caution and with both eyes open.
Being completely at peace with your decision to purchase is the first definite
step to making your first home, a true dream home!
Buying First Home
10 Hours of FREE Success Training from Denis Waitley, Bob Proctor, Others
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