Own Home
0
Posted by admin | Posted in Uncategorized | Posted on 03-11-2009
Tags: own home, own home business ideas, own home made simple, own home outright, own home takeover
Own Home
US $13.59
How can I own a home in Sydney on a single income with the cost of living the way it is?
Dear Mr Howard, I am a 29 year old hardworking woman. My concern is the cost of living and how this impacts being able to afford to buy my own property in Sydney. On my single income (which is above the national average), I struggle and feel that owning a property would make my financial situation even worse. I am always hearing how great the current economic conditions are but for some reason I don't see this filtering down to people like me. How do you plan to (a) address the high cost of living and (b) make it easier for singles (or families on a single income) wanting to buy their own home?
Options...
1. Buy a cheap home (condo, etc.). Your first won't be your dream home.
2. Get a good loan rate and program. Depending on the program you go with, your payment could be half what it otherwise might be. Watch out for ARMs and interest-only time limits, though.
3. Rent-to-own.
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