Budgeting Tips
The Recession is starting to hit home - time to sit down and work out a budget to help prioritise your spending.
| Doing the Sums |
| Maths may not have been your favorite subject at school. In fact you might have hated it nearly as much as science. But if you ARE serious about getting into your first home (or second or third...) you've got to crunch the numbers. After all, you can't go returning a house the same way you do a pair of jeans, if things don't work out. |
The Recession is starting to hit home - time to sit down and work out a budget to help prioritise your spending.
Looking outside the square can often bring great rewards. Buying a home with a friend is not something that should be ignored as an option when you live in a major city where the cost of housing exceeds your own personal budget.
Try before you buy rent-to-buy plans can ease the way to ownership, says Diana Clement. Rent to buy. We've all seen small signs dotting suburbia offering tenants the opportunity to buy property.
Alas, there's more to buying a home than the four walls and big backyard for your retriever. All of which can add up to... one big headache. Factor in these typical expenses and you won't endure any nasty surprises.
How long's a piece of string? Seriously, the amount you can borrow from a mortgage provider depends on three things:
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