vestwell vestwell vestwell
  • About
  • Contact
  • Testimonials
  • More
    • Demographics & Advertising Rates
    • Terms & Conditions
Tuesday, May 17, 2022
No Result
View All Result
CALIFORNIA BUSINESS JOURNAL
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness
CALIFORNIA BUSINESS JOURNAL
young-couple-buying-first-house

Buying a Home in Your 20s

Here is everything you need to know.

by Ann Mazotta, California Business Journal
A A
Share on FacebookShare on Twitter

In the current economy, buying a house at any point in your life can feel like a pipe dream. With the right assistance, planning, and mindset, though, you can actually buy a home in your 20s. Here is how you can manage this:

Buy for the Future

Remember not to buy a home that fits your current situation but rather your future plans. For instance, are you currently single but hoping to get married and have children? If so, don’t set your sights on a tiny home. If you do, you will end up having to sell within a short period of time.

At the same time, this doesn’t mean that you should go all out and buy a home with four bedrooms and a yard. It is important for you to be able to afford your monthly mortgage without going into debt. Find a middle ground that will have you set both now as well as in the future.

ADVERTISEMENT

Consider Your Mortgage Options

There is a good chance that at this stage of your life that your credit score isn’t great. This can be a problem with most banks. As such, you will need to find an institution who will help you get a mortgage with a bad credit score and that is suitable for your current financial state.

The good news is that there are quite a few companies that can assist you here. At the same time, there are some unsavory characters within the industry as well. Make sure to find the right people who will not try to gouge you with interest rates or other charges.

Get Professional Assistance

As you are in a rather unique financial situation, you should get as much assistance as possible. You may want to look into hiring a Toronto mortgage broker to help you with this process. These individuals have a great deal of connections within the industry. As a result, they will be able to get you a far better deal than you can on your own.

What’s more, since you don’t have much experience in this process, it can be helpful to have someone guide you along. In any case, it can make things a great deal easier for you.

Stabilize Your Financial Position

When you do buy a house, you are going to be undertaking a significant expense every month. On top of this, there are property taxes and maintenance to think of as well. Thus, now is the time to be considering your current and future financial position carefully.

Your first order of business is to increase your income as much as possible. This could be finding a better paying job, freelancing or finding another secondary form of income. You should also focus on saving wherever you can. This way, you can ensure that you will have enough every month to contribute to your mortgage.

These are the top guidelines that you should follow if you are considering buying a home in your 20s. As you can see, it is possible and now you know how to manage it.

Related Posts

Compass Real Estate
Profile: Compass Real Estate
Struggling To Pay Your Mortgage - California Mortgage Relief Program
Struggling To Pay Your Mortgage?
happy couple
The Rarest Secrets of Happy Couples: Top 6 Tips

 

Tags: brokerBuying a HomeBuying a Home in Your 20sfinancialfocushomemortgagenewstaxes
ADVERTISEMENT
Ann Mazotta, California Business Journal

Ann Mazotta, California Business Journal

Related Posts

Struggling To Pay Your Mortgage - California Mortgage Relief Program
Struggling To Pay Your Mortgage?
Compass Real Estate
Profile: Compass Real Estate
happy couple
The Rarest Secrets of Happy Couples: Top 6 Tips
advertisement
Facebook Twitter LinkedIn Instagram LinkedIn

Advertise With CBJ

1REALTOUR-SAN DIEGO-WEB DESIGN
Facebook Twitter LinkedIn LinkedIn Instagram
C B J   LOGO  SVG-01
  • About
  • Contact California Business Journal
  • Testimonials
  • Demographics & Advertising Rates
  • Terms & Conditions

Categories

  • Art & Culture
  • Business
  • Editor's Choice
  • Education
  • Featured
  • Finance
  • Food & Dining
  • Health & Fitness
  • Human Interest
  • Insurance
  • Law
  • Marketing
  • Medical
  • News
  • Newsletter
  • People
  • Popular
  • Real Estate
  • Social Media
  • Technology
  • Uncategorized

CBJ Partner Firebrand Media

Laguna Beach Independent Newspaper
 Laguna Beach City Guide
 Newport Beach Independent Newspaper
Newport Beach Country Club Magazine
  Montage Magazine
 Omni Escapes Hotel Magazine
 Bespoke Concierge New York
 Evans Hotels
 Laguna Beach Magazine
 On The Menu Laguna Beach
 Newport Beach Magazine
Coastal Real Estate Guide (NB,LB, CDM)
Monarch Beach Resort Magazine
 Pacific Coast Magazine (SoCal)
Sea Island Life Magazine
Salamander Hotel & Resorts Magazine
 View our entire portfolio

 

Most Viewed

  • Gavel, scales of justice and law books

    Lawsuit Basics: How Much Does It Cost to Sue Someone?

    0 shares
    Share 0 Tweet 0
  • NFL Paychecks: How Do NFL Players Get Paid?

    0 shares
    Share 0 Tweet 0
  • What to Do When an Online Casino Refuses to Pay Out Your Winnings

    0 shares
    Share 0 Tweet 0
  • New Study: California’s 10 Universities That Produce the Most CEOs

    0 shares
    Share 0 Tweet 0
  • Five Reasons Why The Government Does Not Like Bitcoin

    0 shares
    Share 0 Tweet 0
  • The Impact of Covid: Racing to Buy Second Citizenships

    0 shares
    Share 0 Tweet 0
  • The Only Way

    0 shares
    Share 0 Tweet 0
  • Is Virtual Financial the Future of Financial Services?

    0 shares
    Share 0 Tweet 0
  • How to Start a Telecommunication Business: A Step-By-Step Guide

    0 shares
    Share 0 Tweet 0
  • Best Crypto Faucets You Can Try In 2021 and 2022

    0 shares
    Share 0 Tweet 0

Latest Articles

money

6 Things You Need To Know About Cash Loan Today

No credit loans

How to Qualify for No Credit Check Loans

Instagram -- Best Friends Selfie

Top 7 Instagram Trends to Follow in 2022

Attorney David Libman

The Beat Goes On

Attorneys Jeff Johnson and David Rawi

Business Profile: Johnson & Rawi PC

covid testing

Steps to Take If You Think You Have COVID But Can’t Get Tested

5 Ways to Get Free Spins No Deposit at a No Account Casino

No-account casinos set new gambling standards in online gambling.

How much you can earn with Cisco DEVNET Associate certificate

How much you can earn with Cisco DEVNET Associate certificate?

pay-per-call-leads

Reasons to Use Pay Per Call Marketing for Your Business

Gopuff Founders Rafael Ilishayev and Yakir Gola

Commentary: Diving into mass market expansion to meet unprecedented consumer demand for fast delivery of food and other consumer staples.

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR

No Result
View All Result
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR