Saving to buy a home can be a daunting task. As such, most people opt to purchase homes through mortgages. Below is a comprehensive guide on the various considerations you should make when taking a home loan. Manage Your Credit Appetite Can you repay the mortgage? Evaluate your current financial situation to know if you can repay the mortgage. Mortgages take years to repay. Therefore, think about your future needs. For instance, will you be in a position to repay the mortgage and provide for your family in the next five years?
25 November 2019