Looking for a new place? Will it cost a little more than what you’re paying now? Chances are that you need to take your new payment for a test drive, especially if you’re a first time home buyer. Even if you look at your financial situation, and you think that — on paper — you’ll be able to handle a bigger monthly payment, the truth is that the reality of a higher payment is usually more complicated. Read More
One of the phrases that you might have heard at one point is “house poor.” This term can seem like a contradiction in some cases, since it’s hard to envision some people actually being poor, based on the homes that they have. Read More
Are you wrestling with the decision to pay off your mortgage early?
My husband and I decided to pay off our mortgage earlier rather than later, and now enjoy mortgage-free living. Looking back, though, I can see that an early payoff does have some disadvantages. Read More
Part of the American Dream is buying a home, and then, eventually, “upgrading” to a larger house. There’s a lot of emphasis on home buying in our culture, since it is a major milestone that carries with it the idea of adulthood and financial stability. Read More
The average mortgage payment is often one of your biggest expenses, consuming more than 30% of your monthly household income depending on your debt to income ratio. Read More