Advice on buying a house!
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marielle
Apprentice
Joined: 28 Dec 2005
Posts: 9
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 Posted: 09/05/07 - 06:59 Post subject: |
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| I would like to get some advice on building a house. I never bought until now even though I am already 46 years old. I might have to move out of my rented property soon and I am now seriously considering buying. What do I need to know about this? Any advice is welcome. |
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anders
Apprentice
Joined: 12 Aug 2006
Posts: 19
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| Posted: 10/17/07 - 23:19 Post subject: |
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| Hi. First of all you should calculate the amount for which you could get a mortgage. This is 4 times your annual gross income although some mortgage lender will give you more (This is a gray area and I would advise you against doing so). You have to offer up a deposit of 10 per cent of the house too. |
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