Yesterday I was talking to an old friend and one of the topics was how he was buying a condo with the intent of buying a house down the road. That brought up the topic about the monthly rates he would have to pay to the bank when it comes to borrowing money and as a result he could only afford a condo.
A lot of times what I see people do is to have say a family member who already has a good rate in place and do the transaction through them instead and as a result the rate will be lower. For example, a lot of younger people who purchase a vehicle would have the parents buy the insurance since they have been driving longer and have an established record that will require less money.
So, thatâ€™s one idea to save money as long as everyone has a good trust amongst each other.