Buying a home is one of the smartest investments you can make. What are the proper steps necessary to make sure you do it right?
What will be an ideal response?
Answer: Part of financial planning is looking into the future for threats or opportunities that may arise. Saving up the largest downpayment you can afford may take several years of planning and budgeting. Establishing or repairing good, strong credit may also take several years to allow you to get approved for affordable financing. Using the 28/36 rule to help you understand the impact of other debt payments like car and student loans will help you to properly manage and or eliminate some non-mortgage debt before you purchase the home. Becoming aware of the tax implications associated with owning a home in your State is also beneficial.
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Which of the following statements is correct?
a. The Gramm-Leach-Bliley Act of 1999 allowed commercial banks to again participate in investment banking activities. b. The Federal Reserve System brought the American economy a system of central banks. c. "Wildcat banking" during the first half of the 1800s referred to risky banking practices by many state banks, such as excessive note issues, lack of adequate bank capital, and insufficient reserves against their notes and deposits. d. All the above statements are correct.
Which of the following is true of product lines?
a. They help distinguish each version of a product from the others offered by a company. b. They provide economies of scale in advertising. c. They mandate a separate marketing strategy for each line. d. They involve greater transportation and warehousing costs than product items.