In this post we will look at the key differences between lenders, both local and national, as well as how they make money. Learn the best option for your situation.When purchasing my first home, I contacted a number of local and national banks, as well as a mortgage broker. It was surprising how different groups …
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My experience almost becoming homeless taught me a great deal about what we need to be aware of when buying a home and the importance of having a stable finances. In this post, I will share a bit of my story as well as observations of what made the Great Recession so difficult for many …
Continue reading “First Time Home Buyer Series: Overextending and How I (Almost) Became Homeless”
How Long Will It Take to Save Up for a Downpayment? How much (what %) should I be Putting Down? In Part 1 of this Post, we built a foundation to understand our level of risk tolerance, what an after-tax savings rate is, the impact it has on your saving velocity, and how long it …
With the price of homes on the rise, the up-front cost to buy a home can be a shock to the unprepared. You may have already known that saving up to buy a home is a multi-year endeavor, but follow me as we take a deeper dive to see what you should expect to have …
Given the high price tag, and a lack of formal education on the subject, winging it can be risky. This is especially so for first time home buyers, who don’t have prior first-hand experience to rely on. In this post we will help you really answer the question, “how expensive of a home can I afford?”.
