If you bought a $1.2 million townhouse in Florida during the boom, it’s true it now may only sell for $600,000. Financial planning can help reduce anxiety of buying a home Source: Michele Lerner, Washington Post (Paid Registration) One of the biggest misconceptions is you need a large down payment to buy a home.
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Here are simple strategies to ease home buying anxiety. 1. Give your new mortgage payment a trial run. If you’re buying your first place or moving into a bigger home, chances are your new mortgage payment will be more than what you’re currently paying. Anxiety can set in if you’re not sure whether you can swing higher expenses.
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Buying that home also may be the largest financial investment you will ever make. That’s why it’s so important to get financially ready to buy and take care of a home, and to feel confident that now is the right time for you to step into the shoes of homeowner. This brochure can help you get started on the path to homeownership by
having to work during your "golden years" or having to sell your home because you can no longer afford it. d. Use insurance to cover your assets so that you can avoid the problem of: (Select the best choice below.). one purpose of financial planning is to help you legally reduce the amount of.
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