11:22 20 July 2013
Determine first if you can afford to repay it. Consider the kind of lifestyle that you prefer, the amount you can afford to pay for mortgage every month, the interest rate, etc.
If your calculation says that you cannot afford it, look for smaller house that will fit your budget. Remember, this is a 25-year commitment thus, it’s important to ensure that you make the right decision.
So, ensure that you settle any outstanding debts. Also, check your credit files held at CallCredit, Equifax, and Experian to ensure that they are error-free.
Are the cars clean and well-maintained? Are there reported crimes like robberies in the area? Who are the people who live next door?
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