steps to buying a house
step 1?
Improve your credit score
What kind of job will aid in paying off your mortgage ?
High-Paying, stable job
A high credit score will help you get a good mortgage deal.
true!!!
step 2?
Figure out what you can afford
What’s an average mortgage cost ?
$1,022-$1,505 a month
Credit agencies like Experian, TransUnion, and Equifax charge you to get your credit score
False
step 3 & 4 ?
Save up for a deposit and stamp duty &
Build a healthy savings account
How much must you make annually to afford the average mortgage ?
By yourself: $40,000
The bigger the deposit, the better the rates and the more affordable your monthly payments
True
steps 5 & 6
Get a mortgage agreement in principle &
Buy the home you want!!!!!
The above annual income ($40,000) how much is that hourly ?
$20.51 per hour (Full Time)
You need to save at least 2% of the house price for a deposit.
False!!!! ( 5% )