Buying a house is a big step. It puts you on the property ladder, grants you rights you didn’t have as a tenant, and gives you a place to call home. In 2019, the median house price in the U.S. was $279,600.
To purchase a house at that price, you needed a salary of at least $61,123 to pay your monthly bill of $1,426.21. However, you need more than a salary. You need proof of income.
What does proof of income mean, and how do you show it? Here’s what you need to know.
As a business owner, you should always find ways to make money works for you. Investing in financial markets is great, but real estate remains one of the most reliable form of investment, especially in growing region like Singapore. With influx of entrepreneurs and expats who want to live and work in the city-state, demand on real estate – especially affordable ones – remains high.
Now, buying a property requires plenty of considerations. One consideration you may have to think about for a while is whether you will go for an old unit versus a brand new one. While both have their pros and cons, in this article, we will be discussing why you would prefer to choose a new piece of property over one that has been around for several years.…
Continue readingAre you considering buying a property abroad? Once you’ve found the perfect plot, managed to decipher the multitude of complicated rules that often accompany a foreign purchase and had your offer accepted, it’s time to start thinking about funds.
Transferring large amounts of money abroad can be very expensive and complicated – especially if you decide to do it through your bank. A number of fees could exist, not just for you as a sender, but for the recipient too. In many cases, the amount of commission you pay might not be clear and fluctuating exchange rates may also affect the final price.…
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