Understanding Financial Literacy
April 2, 2024
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HC MutualHC MutualAugust 1, 2023 | by HC Mutual
Creating an ideal haven for you and your loved ones is one of life’s milestones. Buying a house is always included in almost everyone’s list when they start their careers.
Your first home is a big purchase so it can be a bit stressful when you realize that it will take years before you can afford your chosen property. Waiting for the time when you have saved enough money before buying the property is quite impractical. It can lead to spending more money on rent or spending a longer time living with your parents – which is something not everyone is comfortable with. It may even come to a point when there will not be enough time to enjoy the home that you worked hard for if you get stuck waiting.
Home loans usually check the following for eligibility: age, employment, income, and citizenship. It is best to do a self-assessment first before you search for the applicable loan for you. Take note that you are not only considering your current financial capacity when you avail a loan but also your future capacity since you will be paying it for years.
HC Mutual offers KayaMo Home Loan that can help you start buying or building your first home. As an HC Mutual Member, you can have access to a reliable and hassle-free home loan and enjoy the following:
It is important to choose a home loan that is practical and manageable so you won’t have a difficult time paying for it for a certain number of years. Getting a home loan can be rewarding because you can finally make your first home within reach.
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