Home Buying rules

houses for sale signMint has a good post with some guidelines on things to do and to avoid when buying a house. “The Ten Commandments of Home Buying” covers a few things that are important to note. The things that resonated with me:

  • Don’t bite off more mortgage than you can chew.
  • Carry few or no other debts.
  • Keep a big buffer.
  • Have an emergency fund.
  • Have good life, disability, and health insurance.
  • Bring a 20% down payment.

If you’ve been reading this blog, you know that buying a house is in my long-term plans. Articles like this make my radar. And they make me sad, because I know, really know, that my house isn’t going to become reality this year… or any time soon.

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