Congratulations! You’ve found a home to buy and have applied for a mortgage! Yay! I bet you are totally excited! I mean seriously, now you have the opportunity to decorate your new home, right? Hold it right there! Before you make any big purchases, move any money around, or make any big-time life changes, consult…
So you’re done with renting or living with family or friends and you’re ready to move on up to obtaining your first big investment. You’re now ready to buy your first home!
Congrats on making, in my opinion, this wonderful and smart decision. Buying your own place is a great thing, hell, if you want to keep renting and just get an income producing property, that is a smart choice as well.
I feel everyone should own property and have the power to choose in living in it or renting it out. Property is an asset that usually increases in value, if you make the right choices on where you obtain it, and it can be liquidated when necessary or even borrowed from like your own personal bank.