steps to buying a house
career
vocabulary
100

step 1?

Improve your credit score

100

What kind of job will aid in paying off your mortgage ?

High-Paying, stable job

100

A high credit score will help you get a good mortgage deal.

true!!!

200

step 2?

Figure out what you can afford

200

What’s an average mortgage cost ?

$1,022-$1,505 a month

200

Credit agencies like Experian, TransUnion, and Equifax charge you to get your credit score

False

300

step 3 & 4 ?

Save up for a deposit and stamp duty & 

Build a healthy savings account

300

How much must you make annually to afford the average mortgage ?

By yourself: $40,000

300

The bigger the deposit, the better the rates and the more affordable your monthly payments

True

400

steps 5 & 6

Get a mortgage agreement in principle &

Buy the home you want!!!!!

400

The above annual income ($40,000) how much is that hourly ?

$20.51 per hour (Full Time)

400

You need to save at least 2% of the house price for a deposit.

False!!!! ( 5% )