Best Financial Advice for New Homeowners Sep 25th

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This 33-year-old analyst makes $100,000 a year including bonus. She paid off her student loans and wants to buy a home. Is now the right time? + MORE Jul 20th

Like many millennials, Anna’s main long-term goal is to save up for a down payment. Now, because of the pandemic, she’s looking to buy sooner than later because of the real estate market..... More »

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Best Financial Advice for New HomeownersAfter college expenses, choosing to purchase a home of any kind is the second largest expense you are likely to take on. The whole process, while intricate, doesn’t have to be complicated. However, it pays to be prepared. By taking the time to plan now and sticking to that plan, you could save thousands of dollars over the next few decades.
Know What You Can Afford (and Buy Less) 
Never buy more house than you can afford. Life is unpredictable. One of the first things you should ask is, “How much house can I afford?” It’s better to buy a house that’s the size you need now rather than overextend yourself. Even if you plan to grow your family or expect a promotion soon, not everything may go as planned.
Further, choosing to purchase a smaller home now may allow you to pay it off faster, giving you more equity and more options if you do decide to move sooner rather than later. Spending less on a home can also give you more financial freedom, allowing for more vacations or retirement savings…

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