Understanding how real estate deals and mortgages is vital to winning at the game of finances. This is another area that we need to destroy some myths that have us beilieving that we wil always have payments. If you want to keep from being normal; do something weird. Here are a few suggestions from the lesson:
- Consider the 100% down plan for your home!
- No more than a 15 yr mortgage; if you have a 30 at good rate, pay it like a 30
- when buying learn to look past the cosmetic flaws and get a deal (you can replace that shag carpect and avacado oven if you get a deal on the home.)
- NEVER, EVER get a loan that involves an ARM (you better know what that is as well)
- hiring a GOOD realator is usually worth more than the money they cost
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