Real Estate Investing made Easy

Making money in the real estate market has never been easier. Today property investing is available to anyone at any price range.

If you ever come across the opportunity to invest in real estate, do not let it slip away. Investing in real estate is most probably the best investment you can make with the highest return on your investment.

Investing in real estate is a way of securing your financial future. The first step to take is to do lots of research. Find out what you qualify for in terms of a mortgage loan. Make sure you can afford the monthly payments before buying or signing anything! Only you know what your living expenses really are so once you find out what you qualify for, figure out what you are able and willing to spend on such a mortgage loan.

Once you learn the basics of real estate, find a successful real estate investor to discuss your options with. You should be able to tell him/her what kind of property you would like to invest in, for instance a townhouse, office building or small apartment. Decide in which area/suburb/location you want to invest to narrow down the options.

Many people invest in real estate to make money, others invest in it for the sake of living in a new house and some buy to let. Whatever the reasons are for investing, it is always a good idea. All you need is knowledge, and understanding the sell-and-buy process. Then it is important to find a real estate agent that you can trust and some experts to help you along the way.

Real estate investment is not that hard, you just need to know what you are doing, and there are lots of books, websites and experts in the field that would assist you. Take that step, make that investment, and see how your money works for you.

Please contact us if you require any further information or would like to apply for finance:

Complete this short form online

011.327.4489 / 0861 1111 93

morne@mortgagepluscc.co.za

www.mortgagepluscc.co.za

How to Know What you Can Afford when Buying Real Estate

If you are considering buying a home the first thing that comes to mind is affordability. How do you know what you can afford?

Wouldn’t it be great if you could just write a cheque for the home of your dreams and to know that it is taken care of? Almost like buying a new set of golf clubs or a leather coat. Just write out a cheque. But unfortunately, very, very few (if any) people in today’s life can afford buying a home like this. In the real world, the way to go is a mortgage. Taking out a mortgage is a very big commitment and the following questions should be answered before making any decisions.

Firstly, you should ask yourself what your ability is to make a down payment. If a down payment is required, you should know how to go about getting the money and how much you will be able to give toward a down payment.

Secondly, ask yourself what your ability is to make monthly payments. Monthly payments on your mortgage are one of your most important monthly payments you will ever make. Not only can you lose your home if you don’t make these payments, but you can be blacklisted and never be approved for a home loan again.

Your financial future should be taken into consideration as well. You should know the stability of your earning power before making this kind of commitment. If you are not sure if you will have a job in the next six months because your company is retrenching left right and centre, you should probably not make such a huge financial commitment at this stage. But even if you are sure you will be able to make the payments every month, on time, you should still have a contingency plan. This is necessary for a worst-case scenario. Anything can happen and you might need the money for something else, so when taking out a home loan, make provision for the unforeseen and make sure that if something should happen that makes it impossible for you to make the monthly payment, you have some savings to cover your monthly payment.

Chances are slim that you will need this, but like insurance and medical aid, if you don’t have it, something will happen and if you do have it, you will hardly ever need it! Better safe than sorry.

Please contact us if you require any further information or would like to apply for finance:

Complete this short form online

011.327.4489 / 0861 1111 93

morne@mortgagepluscc.co.za

www.mortgagepluscc.co.za