Category: Budget for Home

How Much Can You Afford to Spend on a Home?

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how-much-can-you-afford

While it might be tempting to look at homes on the market where you want to live and decide that you can “afford” a place you want, purchasing a home requires more financial preparation than just an estimate of your monthly payment. A common rule of thumb is that you can afford to buy a.....

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The True Cost of Homeownership

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Cost of Home Ownership

Renters have it pretty easy when they calculate their housing costs: add together your monthly rent, your utility bills and your renter’s insurance premium and you’re done. You may also want to include your security deposit, but chances are high that if you’re a good tenant you’ll get that money back when you move. For.....

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Don’t Overextend With a Sales Price

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A mortgage is the tip of the house expenses; avoid becoming house poor. You’ve found a wonderful home, but buyers beware. The thrill can wear off faster than a first love. The term "house poor" looms. A mortgage, real estate taxes, and homeowners insurance are just the tip of the house-expense iceberg. There may be.....

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