Buying a new home is exciting. Your family is growing, your life is changing, and you’re making a valuable investment that will pay back for years to come. However, it’s also a significant purchase, which means you should have a budget written out before you start looking. Be sure that it’s flexible and able to modify based on what you find in your home search.
3 Ways to Find Your Dream Home
Banks want you to make a down payment. If you make a down payment you have equity in the home which gives you some ownership, regardless of your mortgage. And, in the case that housing market crashes, you are likely going to owe less than the worth of the home. To start saving for your down payment you’ll need to do a quick calculation. Continue Reading