The only thing worse than not being able to buy a home when you want to is owning a home and not being able to do anything but sit inside because after your house payment, HOA fee, taxes, and household bills, there’s nothing left.
A few smart strategies can help you avoid becoming house poor.
Think hard about that preapproval amount
Just because the bank tells you that you can buy a $ 400,000 home doesn’t mean you have to spend all $ 400,000. It might be that you’re not comfortable with a payment that high if it means you won’t have a cushion and can’t continue to contribute to your savi…
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