Can You Afford Your Car Payments? Can You Afford the House?

One of the negative results of borrowing money and being upside down in debt is that there might come a time when you need to come face to face with some very tough decisions: Can I afford to keep the house? Can I afford to keep the car payments? The Danger of a High House or Car Payments I live in a place that gets a lot of rain.  With rain comes mud, and with mud comes slippery roads.  I’ve … [Read more...]

Buying A House? Is it an Investment or a Home?

Have you ever asked yourself what are you paying for when you buy a house?  Often times when people bicker about renting or buying a home the key issues is that home values increase over time.  Obviously, that assumes that your home is an investment. This article is the third part of a four part series for home buyers.  I’ll be doing on some topics related to home ownership.  Here’s what is … [Read more...]

First Home Buyer Info | How To Know If You’re Ready to Buy

This is the second of a four part series - tips for first home buyers.  I’ll be doing on some topics related to home ownership.  Here’s what is upcoming over the next few weeks: Posted: Pay Off the Mortgage Sooner or Invest:  A Look At The Math The House: Is It An Investment or Just A Home? How To Pay Off the Mortgage Early One of the signs of a person who is financially fit is that … [Read more...]

Revealed: Why You Should Rent an Apartment Till You Have at Least 20% Down

Your single most important purchase will be your home. While some of the other decisions you make while you are younger might be non-fatal the choice you make in regards to a home will probably impact you for decades. You will need to be patient and save up at least 20% so you have a decent down payment towards your first home. Also if you are married, purchase the home based on only … [Read more...]