Michigan home buying tips
Tracking your spending – Milford home buying tips Are you serious about wanting to buy a home? Then if you are just in the planning stages one of the best things you can do is to track your spending for 3 or 4 months. Let’s say you live at home with mom and dad and you think you can spend $1500 a month for a mortgage payment. WHERE IS THAT MONEY GOING TO COME FROM? For 4 months take $1500 a month and put it aside. Do not touch it for any reason. If you do not touch it then you have $6000 saved for a down payment. If you track your spending and budget your money for 3 or 4 months then you will be able to find out whether you can truly afford a $1500 mortgage payment. Are you coming up short each month? Are you being able to do the things you love? Are you living from paycheck to paycheck? Do you have to take money from the $1500 each month? Then maybe your thoughts of being able to afford a $1500 monthly mortgage payment may be wrong. Being able to budget and save your future mortgage payment for 4 months will give you a good idea of what you can truly afford. I hope this idea of budgeting and saving will help you buy a home you can afford. Never buy a home without these 3 things 5 reasons why you should quit renting and buy a home this year [wnt_grid keyid=”1″ title=”Homes for sale in Royal Oak MI” maptype=”disabled” ownertype=”all” paginated=”true” sortoptions=”true” maxresults=”50″ search_mode=”form” primarysearchtype=”active” searchtype=”city” state=”MI” single_family=”y” condo=”y” min_price=”280000″ max_price=”1000000000″ listing_status=”Active” county=”Oakland” city=”Royal Oak” /] |