Creative and money are often at odds when it comes to buying a home.
This is partly because the value of a home depends on many factors and is in turn determined by a host of factors, such as property types, the market conditions in which it is sold, and the amount of capital invested in it.
If a home is being sold and the buyer’s net worth is below the value it can fetch on the market, the home will not be bought by them.
And it’s not just the buyers who are subject to this dilemma.
As our research has shown, many people who can afford to buy houses, even if they can’t afford to pay the deposit, find it very difficult to afford to do so.
This can make it difficult for them to secure a mortgage.
This could be a key reason why the number of people who are able to secure mortgages has fallen.
If you or someone you know is thinking of buying a house, it is worth doing your own research to see if you can afford it and to understand the pros and cons of buying.
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