8 Reasons To Say No Investment Property
10th October, 2010 - Posted by admin - No Comments
© woodleywonderworks
Although home buyers with bad credits do have the opportunity to buy a new home, there are a few things to think about before signing up to a life of debt. Any form of loan such as a bank loan or investment loans, can only be effective if you are good with the money you have. There are 8 signs for individuals to check whether they are ready to get into the mortgage market.
1) You always have late fees
2) You are unable to pay your bills
3) You are only reaching the minimum payments on credit cards
4) You have not set aside an emergency savings account
5) You will not be able to pay for any maintenance required for the new home
6) You do not have consistent income or cash flow
7) You are restoring to cash advances to pay bills
You are considering to use your retirement fund
Posted on: October 10, 2010
Filed under: credit problems
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