Well, you don’t say, is what some clever readers out there are saying. To these snarky readers can only be said that, of course, we concur. Of course you need money, loads of it most of the time, to make a fine investment in property. But here’s the thing; who’s got that kind of cash to spare. Most folks have just about given up on that ambition, preferring to struggle on with high rentals.
Does that even make good business sense? But then again, it is also quite understandable, because many folks have been squarely and unfairly been excluded from the prime lending market. Thanks to reckless others, including the banks that turned them down in the first place, they have been deemed to be high risk. Still, it’s fair enough because potential lenders still need to look at affordability issues. But here’s the thing again.
If you are one of the many hardworking, honest to goodness folks that are still paying your bills on time then you are eligible to purchase your first property. As a disciplined manager of your affairs, your money rent payment is made a high priority. It’s usually the first thing that you take care of at the end of each month. Of course it helps to keep the proverbial roof over your head as well. And because you are a good citizen who generally takes pride in your surroundings, you usually look after your landlord’s property.
Why not look after your own property for a change? And ever hear of rent to buy? It’s been around for donkey’s years already. The likes of Finest Invest can point fingers in the right direction for you. And look at it this way, good realtor agents like Finest Invest can fill you in on all the positives that being a good, longstanding tenant with an impeccable and unblemished record brings. This could and should be your collateral. So, perish the thought that you can’t afford to own your own property.
Where there’s a will, there’s a way, as they say.
It also helps to do other things right from the get go. Like how about saving up a bit of cash every month? Far too many folks say they simply cannot afford to do this, but have they ever bothered to try out the fundamentals of good savers. Not just saving for a rainy day but starting up with as little as five bucks a month. And before you know it, you’ve amassed a small fortune that you had forgotten all about.
It’s a good idea to try and put away a little extra month for your future mortgage payments. You’ll be looking forward to lower interests and lower costs all around. You’ll also be spot on in shortening the period you’ll be offered to settle your account.
Then you can start thinking about that fishing boat or annual vacation you always wanted to take.