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Buying your first home - Assignment Example
Finance & Accounting
Pages 8 (2008 words)
Buying your very first home may be intense but worthwhile. Though you may consider it an investment, you may decide, however, if it would be a lifestyle investment or a financial investment. Whatever it is, homeownership is a worthwhile venture.
Buying your very first home may be intense but worthwhile. Though you may consider it an investment, you may decide, however, if it would be a lifestyle investment or a financial investment. Whatever it is, homeownership is a worthwhile venture.First time home buyers need to consider many things before finally buying. These things are embodied in a handbook: Guide to First Time Home Purchases. A comprehensive guide consisting of step-by step instructions and recommendations, you cannot help but take note and appreciate its contents. For instance, you will find reminders such as setting your goals in order to have a focus on your single project - your home; controlling your debts so that there will be no problem during the payments of monthly amortization; working your money so you have to withdraw your savings from a low-interest bank and deposit in a high interest yielding bank for fast growth; checking your credit rating for a good credit history; doing your homework by comparing interest rates of lending companies, if you opt to make a home loan; and last but not the least, getting your entitlements which means that in some countries, there are bonuses for first time home buyer through a loan. These features make the 'Guide to First Time Home Purchases' worthwhile.The competence statement, "Can understand the broader context of first time home purchases" is a moving statement that inspires first time home buyers to carry out the project. ...
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