When you walk into a lender’s office or speak to them on the phone, you should already have a budget in mind. You should find out if you are able to borrow money and if so, how much (for information on mortgages, see under heading Mortgages ). To help you save for your down payment, try Discover Bank’s AutoSavers Plan , which makes it easy to put aside money each month.Buying a House

You’ll also have to pay for money transfers between mortgage lenders, conveyancers, buyers and sellers, and for searches. Most budgets call for earmarking 28{4ebaaaf11605e777c095b95ec291d6177479c3aef157f5accbc77e39ee4bfa7d} of your post-tax income for house payments, including your homeowners insurance and property tax.Buying a HouseBuying a House

The lies, cover-ups and half-truths about investing in real estate An Observer article I wrote about why most of what we’ve been raised to believe about owning a house simply isn’t true. Browse our real estate and lifestyle blog for home buying tips, mortgage guides, DIY ideas, interior design, lifestyle topics, general home inspiration, or just some homes fun.

If you like the idea of buying a house and want to have a colourful and attractive book to let your friends know that you are ‘thinking of buying a house’ then this is a must. Also note the type of Title Deeds in Thailand If you are buying a house off plan, you would need legal advice as to buying in pre-construction projects.

You can keep track of the houses that you are visiting by taking pictures, writing down descriptions and rating each house. This protects them in case you can’t pay back your loan and they have to sell your house at a loss. Essentially, it gives you more choices¬†because you will still qualify for the same amount on your mortgage, the down payment is additional money that can increase your purchasing power.