Should You Buy Housing? Congratulations! Remember that you must pay 15 percent of the purchase price in cash. In other words, it’s time to start saving – here are three important things to get you started!
This is called equity and is not covered by a mortgage.
- Have reasonable expectations for your new home
How much housing do you need, and where will it be? Be realistic! You do not have to turn on the dream home as the first thing you do, and your needs will change over time. Customize your investment step by step according to what you can afford.
- Make a plan for how to reach your goals
Think early about how much you need in equity and how much you need to borrow. The more money you can put into equity, the less money you need to borrow. It can be nice if interest rates increase.
Open a savings account with good interest rates
Get started with regular savings. The faster you open a savings account, the closer you get to your new home. Decide on affordable partial savings goals – it’s so inspiring to see how the money grows. Enter a direct transfer from your payroll to savings account so you are not tempted to use what you save.
Do you want your money to grow as quickly as possible? Then we can tip about our Savings Account, which has one of the best interest rates on the market.
Need a Mortgage?
If you want to borrow money for your new home, we can offer mortgages – even if you have a payment note or do not have a permanent job. We make an individual, fair assessment of what your financial situation looks like today and take it as a starting point when applying.