Monday, November 8, 2010

Owning a Home: the Monthly Tally

It’s hard enough reconciling yourself to the reality of paying the monthly principal and interest on a new home mortgage. When you realize all the expenses that will be added to that price tag, it can be a real shocker.Bottom line: prepare yourself. Home ownership costs are bearable — people pay them every day — as long as you know what’s coming. You may even want to scale back the size of the home you’re looking for in order to bring the whole package in line with your budget.

 

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