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Archive: September 2020

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Always follow the 30-30-3 rule before buying a home during Covid-19, says finance expert - here is why

As mortgage rates reach all-time lows due to the pandemic, demand for real estate has increased exponentially. But that doesn’t necessarily mean you should buy a home right now. Way too many homebuyers overextended themselves during the 2008 financial crisis. As a result, most of us paid the price. Having your neighbor conduct a short sale or foreclosure isn’t good for your wealth, even if you borrowed well within your means. Read all of Always follow the 30-30-3 rule before buying a home during Covid-19, says finance expert - here is why