Few things are as fulfilling as becoming a parent. To watch as your bundle of joy wriggles his tiny toes and smiles his toothless smile is sheer bliss. Other more experienced parents and loved ones come up with all kinds of advice for the young parents. The baby gets heaps of presents even before it is born. Shopping for the baby is a thrilling time as you choose from among hordes of things that the baby could use, wear, or play with.
However, even as you enjoy the process of becoming parents, there are some serious questions that need to be answered. One of the first of these is regarding the size of your house. The first house that you moved into may have been perfect for you as a couple. But will it be all right for a couple and a child who is growing up? As anyone who has ever thought about expanding their families already knows, one invariably has to move to a bigger house when one is ready to have children. Even if you do not make the move before the baby is born, in a few years time, you may be compelled to do so.
But shifting from one house to another is not the easiest thing in the world. Moreover, now that you have a family, it would make sense to go in for an ownership house. Yes, many young couples decide to buy their first house when they come into the family way. At the same time, one need not iterate that this is expensive business. With a baby on the way, it may not seem like the best idea to decide to buy a house. Yet, you should be aware that expenses will only keep increasing. If you are hoping to shift to a better house some day, there is no time like the present.
Once you have made the decision to make that shift, you will have to look at a number of houses. Ideally, you should be looking for houses that will fit your budget. This is not to say that you will be paying the entire amount from your savings account. Most of us do not have the savings to purchase a house at any time. The affordability problem is further compounded in the case of a young couple. But that should not deter you from getting a house of your own. You could always avail of a mortgage plan to help you out.
Every lender offers a number of great mortgage deals. But you will have to sift through them to find the best one. Make sure you take into account factors such as the rate of interest and the term of the loan. A fixed, low rate of interest coupled with a period of say twenty years could be an affordable choice for a young couple. A variable rate of interest might turn out to be a great bargain when the market rates are low. Discounted mortgages are also full and plenty. But there are many other permutations and combinations that you could come up with.
Article Source: http://EzineArticles.com/?expert=Ajeet_Khurana
