Search Results for: blog five additional expense to consider when buying a home

Home Ownership When You Are Single

It’s the American dream, owning your own home. When I was married we had a house built, when we got divorced he wanted it and I didn’t want to fight about it. My ex husband lost it a few years later and ruined my credit in the process. I thought I would never own a home, I so badly wanted Hailey to have a home, not an apartment to come home to. When you are single it is even more important that you don’t let someone talk you into a home that will stretch your budget. When you are still … Continue reading →

Home Sweet Home

It’s the American dream, owning your own home. When I was married we had a house built, when we got divorced he wanted it and I didn’t want to fight about it. My ex husband lost it a few years later and ruined my credit in the process. I thought I would never own a home, I so badly wanted Hailey to have a home, not an apartment to come home to. When you are single it is even more important that you don’t let someone talk you into a home that will stretch your budget. When you are still … Continue reading →

To Buy a Home or Not

Is it financially better to own a home or rent? This is an interesting question. Let’s put it to the test. To truly compare, let’s look at the benefits and costs of each one. Then you will have to balance these out with your own individual goals and priorities. Home Ownership: Benefits: • Income tax breaks on mortgage payments. • The money you spend each month goes towards your investment dollars, not someone else’s. • A house can be a good asset for your total net worth. • A home can often be leverage for other borrowing. • Owning a … Continue reading →

Budgeting for a First Home

Do you want to buy your first home, but have too much debt? An overload of debt can hurt your ability to buy a home in many different ways: cash flow, credit score and loan approval. If you desire the opportunity to buy a home, try this plan to help you get there. Start by first determining the amount of money you will need to borrow in order to buy a home in your area. Basically preview the prices of homes you think you could be satisfied with, and deduct any amount you have saved for a down payment. Then … Continue reading →

Are You House Poor?

When it comes to buying a home, there are so many emotions and dreams wrapped around this purchase that it can become difficult to make a level headed decision. Many people have their dream home already in their minds, and it can be frustrating to realize that you may not be able to afford every feature that you want right away. You may be tempted to go over your original budget, but be careful because you do not want to end up house poor. Being house poor means that you are putting too much of your income into your house, … Continue reading →

Are You Ready to Buy a Home?

You may be at a point when you feel that you should buy a house instead of renting. Everyone is telling you that renting is simply throwing your money away, and that you aren’t building any equity. You are not sure if you are ready to make the leap into home ownership. Here are a few financial aspects to consider before deciding. 1) Often people will buy a home before they are truly ready and finance it at one hundred percent through a variety of methods. If you find that you need to do this, you should carefully consider if … Continue reading →

Five Additional Expenses to Consider When Buying a Home

If you have never bought a house before, or you are considering moving up in house size and price, there are several factors that you will need to take into consideration. It is important that as you take this important financial step that you do not overextend yourself, and end up in a negative situation. Here are five things you should consider. 1) The bank will be willing to loan you more than you can really afford. Most experts feel that housing should not take up more than twenty five percent of your budget. If you make $2000.00 a month … Continue reading →

Food Storage: Holiday Foods

Have you considered including holiday items in food storage? These items would most likely fit under comfort foods. However, it would be nice to have these foods available, especially if you are struggling financially. This can alleviate your worries, and free up some money for other expenses. Here are five items that you should consider including” 1) You should consider storing pie fillings. This can include canned pumpkin. You can also can homemade apple pie filling as well. If you like chocolate pies or cream pies, you should consider storing the pudding needed to make these pies. Crusts are fairly … Continue reading →