When I purchased my home back in 2000, I had only one thing in mind - to fulfill the American Dream. Ever since I started working, I have had this goal. I remember watching home improvement shows on TV and sometimes they would feature subjects like, “What to look for when you buy your first home.” I would get my notepad, sit down and write the points that I find very useful in order that when the time came that I am able to purchase my home, I know what I should look for.
That time arrived in the spring of 2000 and I remembered the show that I watched a few years back. It said that there are three important things that you must look for when purchasing a home. I dwelt on those words of wisdom, found a location where I would like to live and researched the area and its growth potential in the next five years. VOILA! I found my home.
Since 2000, the value of my home has tripled. This was due to the housing boom in the early 2000 until the ‘burst of the housing bubble’. The good part was my decision going by the words of wisdom, “Location, location, location!” The price of my home have declined just like the rest but it hasn’t declined that much. The best part of this investment was my ability to pay off unsecured debts using the equity of my home through debt consolidation. It has helped me create a better financial future for me. It helped me a lot to improve credit score and also it helped me to remove credit errors. Clearing out my unsecured debt with tax deductible interest has paved the way for me to plan a better financial future.
1 comments:
I was in a similar situation & while finding ways to get out of it, my friend suggested bills.com, an online portal offering education and resources to manage mortgage and other loans, bill payment and credit card debt. With the help of their financial advisers I was able to lower my monthly repayment.
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