Financing Tips

The thought of buying a home today can be frightening. But despite the tremendous swings in home prices in the past decade, buying a home is still one of the best long-term investments you can make. The key know how to buy a house you can actually afford on your own. If you are not sure if now is the time to buy you can also take advantage of these cheap monthly apartment rentals and keep saving for when the time comes.

Avoid mistakes that left so many home buyers upside down and facing foreclosure? Remember that your eyes can have a larger appetite than your wallet when it comes to size, amenities, location, etc. Make sure that you can truly afford down payment, closing costs, monthly expenses, and taxes before you sign on the dotted line. The key to successful home-buying is to learn how to buy safe, sane and smart and learning about finance is essential for this, so there’s no short answer on what a good ChexSystems score is, however there are some personal observations revealing the range if you learn about this online.

Like most things, downsizing your house to save money comes with trade-offs. Downsizing your house to save money may reduce some expenses, including your mortgage payment and utility bills, experts say. One reason to downsize your home is to reduce property taxes as suggested by Melbourne Property Valuers Metro.

While downsizing your house to save money may sound appealing, change can be difficult, especially if there are a lot of memories attached to the previous home. You may also miss some of the features of a larger home, such as space to host a large celebration, extra rooms for guests or a basement for storage. If you need more storage room, check these storage units london deals.

One common misconception that homeowners have, however, is that a downsize from a single-family home to a condo or property with an HOA brings a complete lack of maintenance. In reality, Gassett explains, some condos and HOAs have strict rules that could irritate former homeowners.

The Rapaport Team is here the help you every step along the way.