Consider The Costs Of Buying / Owning A Home
An April 10, 2008 post on Bankaholic discussed the various costs of buying and owning a home, and how one should carefully budget for such a major financial event.
The post contains simple, but sound, advice, such as the following.
"A good question to ask yourself before contacting your local banker to discuss a loan is, ‘how much is too much?’ While you might be tempted to try and get as much money as possible if you can find a good rate, you do not want to make the mistake of taking on a loan so big that your finances will be stretched to the point that you cannot make your payments."
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