Our first home is not necessarily our
dream house but most of the times it
helps us to reach our goal of buying
our dream home.
You will be ready to sell your home
and buy a more expensive one
when:
- Your home had earned equity
through the years or due to a
raise in value of your
neighborhood homes and home
remodeling done.
- You have a good stable job or
business and you can afford to
make a higher monthly payment
on your mortgage.
- Interest rates are low and you
will be able to use the equity of
your present home for a large
down-payment of your new
home. This way your new
monthly payments will be very
similar to the ones you were
used to pay but you will be living
in a better home.
- You have a new income source
(example: you just got married, a
family member or partner moved
in with you, new job or business,
etc.)
|
