Special offer

Knowing What Not To Do Is Just As Important As Knowing What To Do

By
Real Estate Agent with Keller Williams Realty

Most of us during our life time experience the urge to make a major purchase, such as, buying a house or car.  At the same time, you probably have received many pointers and advice on how you should do it.  While receiving these pointers and advice you need to be award what not to do, this is equally or more important.  Most people when making a major purchase need to secure a loan.  During the process of securing a loan do not be deceptive or dishonest when completing your loan application.  This has the potential of leading to loan fraud or allowing you to acquire a monthly loan payment that you cannot truly afford.  Always remember, life is not always fair, and it may lead to some unfortunate event in your life that you will be required to address financially.  Therefore, use reasonable prudence in making financial decisions.  Take into account your short and long tem goals which should include your income, debts, understanding how taxes can either help or hurt you with each decision and investment portfolio for retirement years. Once you have made the decision to purchase a home which includes entering into a contract, do not make any additional purchases prior to the closing of your new home.  This time should be reserve to improve your bank account.  Using common sense approach and honestly evaluating your financial situation will lessen your chances of getting over extended during your lifetime, but no guarantee.    

Comments (0)