After the publication of my book, Murder Your Mortgage in 7 Years, some people commented, “congratulations on a great book Orall, but I can’t even think about buying a house, never mind paying it off in 7 Years!”
It’s the elephant in the room.
There are always stories on how this generation will never own their own home. Here’s my quick, no nonsense, common sense take on how I would do it.
Pick an affordable location that allows you to get to where you need to, in a reasonable amount of time. If you’re in a major city his might mean moving to the outskirts or outside. If your rent is high you should probably consider this also.
More savings, more options. Zero savings, zero options. You’ll need to increase your income and/or reduce your expenses and yes, saving will take time. My book Murder Your Mortgage in 7 Years gives details about how I did this.
That’s my quick take. Questions?
Find more mortgage related tips in my5-starrated book on Amazon: here!