Are you looking for a house? This video will show you how to find out.
This episode on the Ramsey Show, Cameron asks whether now is the best opportunity to purchase a home. The problem is that the house is going for far above the asking price. The show hosts counter by interviewing Cameron on his financial situation. Cameron says he’s got not a single debt as well as $32,000 worth of savings for his down payment. This is a great situation. Cameron says he plans to lease out some of the rooms in order to pay his mortgage. This way, he can reside for free. It’s true that there is no such thing as living as free. The hosts assist Cameron develop plans for three years. He should consider saving until he’s in a position to take out a 15 year fixed-rate mortgage, which operates on one quarter of his home income. Do not miss assessments and inspections. This will only result in greater costs not expected. Cameron should talk with his insurance provider to make sure that his home is protected when he is ready to purchase a house.