If you’re tired of living on rent houses and you feel ready to acquire your own patrimony, keep in mind the next points and achieve your goals.
Stability is one of the main aspects that lead to the purchase of a house of your own, even if the idea of making an investment can be another good reason for investing on real estate, regardless being on the same place for at least the next 5 years, usually is a requirement to get a mortgage loan and a very important point for making a decision.
It will be necessary to make a revision of your finances, and your contract in the company you work at to make sure that your income wont change and you will be able to make every payment in the case of a credit.
It’s important to have healthy finances, that you don’t have other debts and that your income allows you to save a percentage of your monthly income and have a saving to make big payments to decrease your debt.
If your intention of buying a house is to invest your savings, you will be able to enjoy the benefits of investing in real estate, you can consider buying a property to live in, for vacation, for an office or a warehouse and generate an extra income that will make you recover your investment and improve your finances.