Feb 26, 2014
SITE: http://www.courtneyanderson.com/swca-episode-047-financial-fierceness-series-how-to-buy-your-first-or-next-or-best-home.html
SHOW NOTES: This episode is part of our FINANCIAL FIERCENESS!™ series! Our FINANCIAL FIERCENESS!™ series integrates our financial goals into our overall strategic development plan for surpassing our goals. This episode is, “How to buy your first (or next, or best) home!”
Many of us remember some discussion with a relative when we were
teenagers wherein we were told, “This is my house! I make the
rules. When you have your own house, you can make the
rules!”
This show first explores the question of why we think we want to
buy a home. Do we want a house because of the freedom of being able
to decorate it anyway that we desire (purple polka-dots, etc.) and
the ability to do what we want, when we want, how we want? Then,
purchasing a home for ourselves may be a great choice to ensure
that we are joyful in our lives! If we are not sure where we want
to reside and we despise the idea of having to do maintenance, it
may not be the right time for us to purchase a
property.
Once you determine why you want to purchase a home, how do you buy
it? If you pay cash for it, do not spend every single penny that
you have. Always leave a cushion of extra money. Ensure that you
negotiate the best possible price and do not let anyone know that
you are in love with a property until you have closed on it (and it
is yours). If you are borrowing money, again, do not spend every
penny you have on the down payment and closing costs. Always leave
yourself an extra cushion. Prior to applying for any loan, raise
your credit score as high as you possibly can (low credit
utilization, pay everything on time, etc.). Ensure that you
understand how much of a payment you will comfortably be able to
make on your income. Do
not borrow the maximum amount that you are approved
for. For
most people [...]
VISIT THE SITE FOR THE REST OF THE SHOW NOTES!
© Courtney Anderson Enterprises LLC
Info@CourtneyAnderson.com