How Much Does It Cost To Buy A Home?When you buy a home as a single parent, especially if it is your first house, every dollar counts. As a renter, you’re used to paying a security deposit and your first month’s rent upfront.But when you buy a home, the upfront costs are usually higher. Taking care of the legal and mortgage paperwork can be expensive, and you generally have a down payment and…
Single Parent Homebuying Guide Part 1: Pros and Cons of Buying
When you’re responsible for your child as well as yourself, your choice of whether to rent or buy a home is not just monetary. Buying a home as a single parent is also an emotional decision that influences your child’s future.Before you decide whether it’s time to become a homeowner, make sure you understand the pros and cons of your choice.Doing The MathAccording to one national rea…
Is Downsizing and Lowering my Mortgage Payment right for me?
Our houses have gotten bigger in the last few decades. Since 1973, the average American house has grown by 1,000 square feet, coming in at over 2,400 square feet. And what’s more, the average family size in the U.S. has gone down. So we’ve got more space for fewer people.While the bigger is better mentality is sweeping the nation, there are some real financial benefits to downsizing your…
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