How many years does it take to buy a house or a condo?

like if a person works as a cop and makes good money how many years does he take to own a home?

Answer #1

Morages may run as little as 5years and up thirty years. to move in is not a question of time it a question of creadit and having the mony to make the down payment. There is also closing that can be expencive.

Answer #2

um i already have good credit :)

Answer #3

I think it would depend on the location (suburb). There must be less desirable surburb/s one can buy property without having a massive mortgage and as Ramuasantiquss said above, 5 years as a target to pay the mortgage off can be achieved. Folks we know keep telling us to buy a run down place and renovate the house yourself as you could end up making a very good profit for yourself once you sell up and with the money you can upgrade to another better suburb and you also end up borrowing less from the banks.

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