Posted on: 02nd Jul, 2013 12:30 am
What does financing a home exactly mean?
Hi Andrew,
Well, to me financing a home means to take out a mortgage to buy a property rather than paying cash.
Take care
Well, to me financing a home means to take out a mortgage to buy a property rather than paying cash.
Take care
Financing a home requires a lot of hard-work like getting pre-approved for mortgage loans, working on to build a good credit score, saving a dependable amount of cash to make the required 20% down payment, etc.
Financing a home simply means taking out a home mortgage loan to finance the purchase of your home. You need a stellar credit rating, a low DTI ratio to take out a mortgage.