Category Archives: Buying Your First Home

Finding The Balance Between Today and Tomorrow

Finding The Balance Between Today and Tomorrow

When it comes to financial planning, it seems many people look at it as a black and white issue. Either you save your money today for a better future and suffer now, or you save nothing and live a great life now. The catch though is when you are older, you won’t have any money to retire on. I am here to tell you that the issue isn’t so black and white. In fact, it is gray. You can save for your future while still enjoying live to the fullest today. How do you go about this? Read on to find out.Continue Reading

Is Owning a Home Worth It? 9 Month Recap

Is Owning a Home Worth It? 9 Month Recap

I can’t believe that my wife and I have owned our home for over 9 months now. Since it’s been almost a year, I thought it would be appropriate to review if owning a home is really worth it, both financially and in general (because, don’t forget, not everything is just about money).Continue Reading

2014: A Year in Review

2014: A Year in Review

Wow, 2014 seemed to go fast. I can’t believe it’s already 2015… but I seem like I say that every year. Time seems to go by pretty fast, and that is part of the reason I take a moment to reflect on the year for all of you. 2013, if you recall, was a year of transition, adjustment, and steady financial growth for us. 2014 continued with some of the same trends, and then threw us some curve balls as well: both good and bad surprises.Continue Reading

How to Buy a Home in a Seller’s Market

How to Buy a Home in a Seller’s Market

I’ve hinted at it in some recent posts, but the time has finally come to share the big news with all of you. What’s the big news? We’re buying a home! To be more specific, we’re buying a condo.Continue Reading

When You’re REALLY Ready to Buy Your First Home

When You’re REALLY Ready to Buy Your First Home

My wife and I have been talking about buying our first home for years now; heck, I’ve been writing about it for years. I know it’s not always the best decision when it comes to running the numbers, but for us, it is. While we have been aggressively saving our down payment for our first home, a few recent events have led me to think about when it’s appropriate to buy your first home. Here’s what I’ve decided.Continue Reading

5 Potential Building Issues You Need to Avoid

5 Potential Building Issues You Need to Avoid

Are you about to build a new home, and believe you’ve covered everything during your research? Think again! It’s more than likely that with the vast number of items on your list to consider, there are some potential issues you’ve forgotten to investigate.Continue Reading

The Most Accurate Way to Calculate How Much House You Can Afford

The Most Accurate Way to Calculate How Much House You Can Afford

If you are buying your first home, you have to be careful about buying too big of a house. Buying too much house is not only common these days, but also disastrous for your finances. Financial experts know and understand this reality – and in an effort to help, they’ve come up with simple calculations to determine how much house you can afford. Let’s take a look at these calculations, before I offer my own solution.Continue Reading

When Are You Financially Ready to Buy a Home?

When Are You Financially Ready to Buy a Home?

A part of getting ready for the big move has been creating lists of things to do before, during, and after the move. I’m the type of person who prepares for something months in advance because I know these type of moments are stressful. The more I can do now to prepare, the easier it will go. One of the things that I have been considering is buying our first home. Not a single family home, but a condo. Not only would this mean less hands-on maintenance, but it would also be more affordable. While my wife and I are doing okay financially, we’re far from great and I can’t help but question if we are financially ready to be home owners.Continue Reading

When are you ready to buy a house?

When are you ready to buy a house?

It’s the time of year where many of the 20-somethings who fall into the renting population of my pool of friends start talking about buying a house. The justifications are usually the same, regardless of the person I talk to. They want to build up equity. They want to get mortgages with low rates. They want to buy while prices are low.Continue Reading

Fannie and Freddie’s New Deed-In-Lieu of Foreclosure Program: Is it a good idea?

Fannie and Freddie’s New Deed-In-Lieu of Foreclosure Program: Is it a good idea?

Starting March 1st, Fannie Mae and Freddie Mac are implementing new rules for a Deed-in-Lieu of Foreclosure program. Bloomberg relayed some of the details a few days ago. While the program seems promising for those currently trapped in their homes, there are a few things you want to consider before signing on to the program.Continue Reading