Mauritius Real Estate: Buy Rent House, Condo,villa
The mortgage options obtainable to you will rely upon the kind of real estate you’re shopping for, your credit rating and your financial resources. Most mortgages require a down fee that generally ranges from 3.5 to twenty % of the home’s purchase value. Saving enough for a down cost can be a significant barrier to homeownership — for instance Technology News, a 20 p.c down fee on a $300,000 house is $60,000, a daunting sum for many. Purchasing real property, corresponding to a conventional single-family home, is generally facilitated by a licensed real estate agent, broker and/or legal professional specializing in real estate transactions. Rae Hartley Beck is a author and editor with over eight years of expertise in personal finance.