When it comes to buying your first home and getting yourself securely on the property ladder, things can be tougher than they seem. If you are thinking about taking the leap into the world of property this year, there are a few things you should think about.
You’ve probably got a list of financial goals you want to reach, but saving for retirement isn’t likely to be one of them. When you’re in your twenties, retirement is decades away and there’s no need to start thinking about it yet, is there?
It’s no wonder many people dream about owning property overseas; you get to have a home in multiple countries, may be able to make an income out of it, and will always have somewhere to stay when you visit the country.
Having a mortgage is a normal part of adult life, as most people have to use this financial service if they want to buy themselves a home. Property is expensive, and it can seem nearly impossible to save for something like this when you’re having to pay rent, making it a challenge to afford a house in cash. We get it.
However, once you have your mortgage, though, you will have the chance to start paying it off. To help you to do this as quickly as possible, here are 5 tried and true tips to help you pay down your mortgage as soon as you possibly can.