Here are some tips about buying a property to stay for the long term.
http://tankinlian.com/Admin/File.aspx?ID=549&Frame=1
Things to avoid:
1. Never buy a property and hope to become rich due to appreciation. You can also be poor
2. Never buy a property to rent out as an investment, unless you do not need to take a loan.
3. Never buy a property more than 5 years of your income. It will be a burden to service it.
Remember, making an investment on borrowed money in very risky, and that includes buying a property. The only exception is a home that you intend to stay and the mortgage payment is within your budget. Do allow for the possibility of loss of your job.
http://tankinlian.com/Admin/File.aspx?ID=549&Frame=1
Things to avoid:
1. Never buy a property and hope to become rich due to appreciation. You can also be poor
2. Never buy a property to rent out as an investment, unless you do not need to take a loan.
3. Never buy a property more than 5 years of your income. It will be a burden to service it.
Remember, making an investment on borrowed money in very risky, and that includes buying a property. The only exception is a home that you intend to stay and the mortgage payment is within your budget. Do allow for the possibility of loss of your job.
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