The Most Important Things To Consider Before Searching For Your Future Home
When it comes to buying your first home, you need to prepare yourself financially before you start house hunting. Here are a few steps to get you started.
First, consider where you want to live. For many young adults, the location of that first home is a big consideration. Make sure the city you decide to buy in is a place you wouldn't mind staying for a while. Experts advise would-be buyers to plan on staying five to seven years.
Second, figure out how much home you can afford. To find your housing budget, you need to determine the monthly payment you'd be comfortable making. You can use a mortgage calculator to "work backward" toward your purchase price. A mortgage pre-approval is also a great way to determine how much home you can afford.
Third, know your credit score. It plays a big role in qualifying for a mortgage. Generally, the higher your score...the better the interest rate you can expect. A score of 740 or above is considered strong, but you can still qualify for a range of options with a score between 600 and 740. If you check your credit report early, you will have enough time to change any bad spending habits and correct any issues.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
