Post by tonymcfallen on Sept 10, 2020 21:41:20 GMT -5
The decision to buy a home should always be based mostly on your ability to afford the monthly payment, down payment, home repairs, and furnishings, while having enough left for an emergency fund. Always consider factors such as HOA fees and the option to pay down your mortgage if you must move quickly.
Ideally, buy when both interest rates and home prices are low. If that’s not possible, calculate both short- and long-term costs of a lower interest rate versus a lower purchase price. When the numbers make the most sense, make your move.
Ideally, buy when both interest rates and home prices are low. If that’s not possible, calculate both short- and long-term costs of a lower interest rate versus a lower purchase price. When the numbers make the most sense, make your move.