00:00when considering buying a home two things remain crucial security and serviceability according to
00:10forbes advocate can stars editor effie zahos admits in a rental crisis individuals may be
00:16better off paying a mortgage than rent but there is a risk of becoming a mortgage prisoner mortgage
00:23prisoners are people without the ability to renegotiate their mortgages or refinance their
00:28home loans job security is certainly to be prioritized and will ensure you can make your
00:34mortgage repayments to avoid investment paralysis zahos recommends you preempt an exit strategy and
00:41consider what you really can afford it's the case of doing your sums what's your target where you
00:47want to go how much do you have to save when will you get it and jump in property forecasts can be
00:54risky but cnbc suggests you ask yourself the following questions regardless of market conditions
01:00why do i want a house how long will i be living there am i financially ready what is my budget
01:06what are my savings can i handle the responsibility
01:10you
