Can you afford to get a loan?

Can you afford a loan when the banks are asking you to have a 20% deposit and legal costs would have the average punter on the back foot. Then there is the interest rates. My advice is to be very careful with accepting credit from lenders. There are still companies out there who will lend you money it just may not be a big bank. If you know what you are doing and the traps which are out there you can safely borrow and build your wealth. IT JUST TAKES A LITTLE BIT OF TIME.

why not become the bank?

Instead of just foreclosing on your bank loan, why don’t you become the bank and provide someone else with the use of your loan? I.E. have them pay your mortgage for you.

Foreclosures

Unfortunately foreclosures are just a fact of life. Those who don’t understand that they are in a market and the market dictates what they pay for there property will eventually come upon hard times.

I can’t afford to buy a house

I heard someone say that you can buy a house with out going to a bank! How is this so?

I was always taught that the way to get a house was to get a job, save a deposit and go to the bank get a loan and pay it off.  If there is another way please let me know.

Regards

Russ

The Cost of Housing

What is the real cost of owning a home?

Is it the cost of buying, paying the loan or running the house and maintaining it over the years.

The real concern i have is with the rising cost of utilities ie. electricity, water and gas all of which are set to rise a lot when carbon trading schemes take effect.

My goal to build a house that actually makes money for you when you are not home and to be self sufficient with no drain on the environment. Can it be done????

Is it time to buy or ??????

People are saying that housing prices are way too high and that the market has plenty of room for a reduction in prices. However the smart property investors are out there looking around to buy. These are people who actually make a living out of property. NOT the people who make a living out of talking about it!!!!!!!

It is interesting some of the wealthiest people i know are the ones who have had a long term view when investing in property and not a short term trading mentality. They have a strategy and they stick to it.

Sounds boring huh! But guess what? It works now and has worked for years before.

DO YOU HAVE A STRATEGY?

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