- In record time, move to a larger house when building a big savings account or
- Have the ability to pay off your home very fast, without making any extra payments.
The keys to the scheme are plain. You simply need to know how to manage your earnings, interest and equity.
You also need to buy “less house” for the first time out than you are qualified.
I have observed during my many years of work in the real estate industry that there are two types of home buyers there. We are going to call them Type A and Type B. I strongly suggest you to visit Axess Home Buyers to learn more about this.
Class A Buyers Home
Buyers of type A Home are conservative. They are combating the urge to bite off more than they can chew. The first home they buy will cost less than they could afford.
They ‘re not rushing out on credit to buy new furniture. We don’t buy new cars or claim that they own all the newest high-ticket items.
As a result, their budgets aren’t stretched, they have extra money to invest and save, and they’re not forced to use high interest credit cards to pay for any emergencies that come up in their lives.
They live largely on cash basis. If they do not have to spare the cash; they are not buying it.
This lifestyle might seem familiar to you. This is how our ancestors, grandparents and every generation lived before them. It is the way of life that America has created.
Home buyers Type B
When buying their first home, Type B home buyers do things differently. They buy a home for the maximum sum they are licensed for and then spend their entire extra cash on new furnishings.
They are likely to take advantage of some of the “12 months the same as cash” offers to buy even more new furnishings, and may decide they need a new car to go into the garage.
The Budget is stretched to the limit at this point. Each paycheck is for paying bills. There is no extra capital to spend and to save.
Worsening. The refrigerator conks out and they are forced to purchase a new one on a credit card with high interest. The “12 months the same as cash” has expired and the already over-taxed budget has hit more payments.