1. Saving money for the down payment
Arguably one of the most significant and daunting aspects of buying a home is arranging the down payment.
Considering the higher average prices of homes, you need to arrange at least 20% as a down payment to avoid taking out a high-ratio mortgage.
So, it’s time to think about ways to adjust your budget and free up money. If you are planning to take a loan to buy a home, start saving immediately. But before that, get together with the reputed realtor and get an estimate of the money you need to spend for a new home.
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