Things to Consider Before Buying Your New House

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Many of you are interested in investing in your new house and lot, but there are some important things you need to consider before buying?

1. Salary/Income
- For Bank Financing, you need at least 30% for the Net Disposable Income (NDI). 

2. Marital Status
-It is important to declare immediately to your agent your marital status. If you're annulled, you must submit annulment papers.

3. Age
-Mostly, for bank financing, 65 years old is the last age. If you're 55 years old when you apply for a housing loan, the approved term is 9 or 10 years only. We suggest that if you have a qualified income, it is better to buy your house when you're still young. 

4. Credit Card/Other Loans
-It must be in good standing. If you have a canceled credit card or a problem with other loans like a car loan, it may affect your bank loan application.

For more real estate advice, please send a message to my FB account, EMILY NUGUID, or send an e-mail to eonuguidrealty@gmail.com.

Thank you, and God bless you all!