We are familiar with the term "FEAR". The "feared of emotion" we work in of accepting it.
Allow yourself to live the life you dream of or plan. For tomorrow will spike in another increased rate of .025%. Approval is at its lowest rate of (5.1), what average working American can afford a $2000 a month payment? Evaluate the demographics, housing inventory because upgrades may not be included.
Prepare a plan that fits your budget, a life style can be adjusted. And when tomorrow happens you can relax in a peaceful state of mind.
Prepare a plan that fits your budget, a life style can be adjusted. And when tomorrow happens you can relax in a peaceful state of mind.
So after all these years of investing in the success of another investors visions. I decided to take a dip and research in "home ownership", and what programs are available to assist. Just be prepared for a wide eyed opening understanding the requirements of "home ownership".
1. Prepare a budget that is obtainable once life happens.
2. Re-calculate how much of a short-term & long-term invested you can commit too; once the commitment is interrupted? Most of us assume we life figured out, because we have a master minded plan. Then illness occurs, loss of income, loss of life or someone decides to walk away. If not contributes emotionally & financially in the same way.
3. An excellent credit score is 660 to 800. But how many essential workers can meet an adjustable rate mortgage. And manage unexpected bills included college ( even with scholarships). If not the shadow of debt bondage.
4. Consistency, Performance and Knowledge holds the key can unlock doors
5. It would behoove you to do inquire, research and compile information. But if you're not fully invested in your own plan; you may be sold a dream in a lane; that is forever changing.
Remember ALL to do your "Monthly Budget", with whom you have or choose to not to grow with.
I wrote this log in 2018. But in 2020 I'm prepared to be educated; once again.
