Tag Archives: buying a home

The Power To Roam From Home To Home

The Power To Roam From Home To Home

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Nowadays, less and less people are choosing to buy their own home, instead opting to borrow someone else’s in the form of renting it. With house prices at all-time highs, it can be impossible to afford this important part of life until you are much older. Along with this, buying a home often makes people feel too committed to their life, and they will want to hold onto the chance to enjoy new places. Of course, if you take the right approach, this should be nice and easy. To help you out, this post will be exploring exactly what you’ll need to do it.

 

First, though, it’s important to understand why someone would want to avoid buying something like a house. Most rental agreements will last for a minimum of six months. Compared to a mortgage which could be anywhere from ten to forty years, renting is a great way to save yourself from being stuck in one place. Along with this, most people can afford to borrow a much nicer place than they could buy, adding even more reason to go down this route.

 

Moving from place to place all the time won’t be easy, though. You will have loads of work to do along the way, and moving home will take its toll if you’re not careful. To help you through this process, you can find some of the essentials you’ll need along the way. With this in mind, it should be easy to tell if this would be the life for you.

 

 

  • Some Money: When you live in someone else’s home, they will expect you to pay a deposit to cover any damage you might caused while you’re there. This will usually be around a month and a half’s rent, and you will be expected to pay it before you arrive. This means that you’ll need some money before you can get started.

 

 

 

  • Some Support: Along with money, moving home will also come with loads of other jobs which can mount up and become very stressful. Quality moving services can be found in most cities and towns, taking away most of the work you’ll have at this stage. This can make the rest of the process much easier while giving you the chance to think about other things.

 

 

 

  • A Good Agent: Finally, as the last thing you’ll need, it’s time to consider just how you might find each of the home’s you’ll be living in. A good estate agent will be able to support you time and time again throughout a process like this. Of course, though, it could be worth reading some reviews before you choose the one you’ll be using.

 

 

Hopefully, this post will inspire you to stop thinking about buying so that you can embrace the chance to live somewhere fresh. Not a lot of people look at renting this way, instead seeing it as a simple way to save money on where you live. Of course, though, a situation is only what you make of it, and a lot can be made from a temporary home.

Tia, and TipsfromTia.com  is trying to keep you looking good and
feeling good, from the inside out. If you’ve got a problem or a tip email me! Be sure to Like and share on Facebook or Follow on Twitter or Instagram.

Want To Buy Property With No Deposit – Read On

Want To Buy Property With No Deposit – Read On

 

There is no doubt that buying a home is one of the most vital decisions in the life of a person. It is perhaps a one-time investment and therefore quite a few things must  be considered and put in place. Though many of us might manage to buy the first property, we may find things a bit difficult when we plan to buy the second one. This is because you may not have enough cash deposit available with you. You may have come across information that buying a second property without deposit is not possible. This is not actually true. Hence if you are looking for the right answer to the question, how to buy a property with no deposit then it is quite likely that you will find quite a few things interesting over the next few lines.

 

Your Home Could Help You

 

If you have a home of your own and if you have been its owner for a few  years, you have a good chance to buy a second property without deposit. This is because you could have built some decent equity over the years and this can be useful when you are planning to buy a second property.  You can get a line of credit against your first home and the same can be used to fund the deposit amount  for your second property. When a line of credit is set against your existing property, you can borrow against the equity of your existing home. You only have to pay interest on the amount you draw. This is called leveraging and is considered a nice way to find your deposit for your second property.

 

How Does This Help

 

The concept of leveraging is quite simple. The equity of your home is nothing but the current value of the property and the balance that remains against your mortgage. Hence you could make use of this difference and borrow money to meet your deposit expenses for your second property. As a borrower you can access almost 80% of the equity which your property has been able to accumulate over the years. This certainly is no small amount and in most cases it can help you to fund the deposit money required for your second home.

 

Why Is It Beneficial

 

There are quite a few benefits as far as this form of financing your deposit is concerned. Since you will be leveraging your equity against your first property, you will not be burdened with huge interest costs. You will only have to pay interest for the borrowing you actually make. In most cases, the deposit cost will never exceed 50 to 60% of your equity as far as the first property is concerned. If you look around, do some research and then move forward you will be able to find out a number of options by which you can raise deposit for your second home. It is a new concept but it certainly is gaining in popularity and making many homeowners to aspire for a second property.

Tia, and TipsfromTia.com  is trying to keep you looking good and
feeling good, from the inside out. If you’ve got a problem or a tip email me! Be sure to Like and share on Facebook or Follow on Twitter or Instagram.