new year has begun and Therefore, you should continue to
many people will be rent until you can say you have
thinking about purchasing a considered all of the financial
house this year. That will be a obligations that come with home
resolution that people set for ownership.
themselves this year for several
reasons: 1) they are tired of If you are renting and your
renting; 2) family has expanded; family has expanded due to
or 3) they cannot pass up the pregnancy or even marriage, some
opportunity to get into a home times you end up purchasing a
for little or nothing down. Do home before you are ready. In
you fall into one of these this situation, you might end up
categories? Before you begin the choosing a starter home that will
journey to the American Dream, meet your needs versus that dream
understand if you are not home that you cannot afford at
prepared, it will turn into the this time. Or should you move up
American Nightmare. to a bigger size apart for six
months to a year and then
For example you could be tired of purchase a home? Understand there
renting because you think you are are always options out there and
throwing your money away and not you should not be driven by
investing in yourself. This could emotions of a circumstance. Weigh
be true, but have you prepared to all of your options.
become a homeowner? Do you have a
budget of your current expenses? If you are not tired of renting,
Do you have a budget of future family has not expanded but you
expenses? If you answered no to continue to see those commercials
these questions, can you see how that say no money down and you
this could end up being a choice are a shopper…. STOP what you are
with devastating consequences? doing and do not pick up that
phone. Impulse shopping has led wants the American Dream,
to major destruction, distress understand there are long-term
and even divorce. These ads that consequences for not being
say no money down or bad debt no educated about the entire
problem for example are nothing process. Home ownership is not
but trouble. What is happening is just about buying the home, but
most people in financial trouble also being able to own the home
are the ones that are applying comfortably for a life-time.
for the loans. The problem with There is no benefit to being
this is they do not know how to house-poor when you waited years
manage money. Therein lies a to own your first home. Do your
dangerous problem with long-term research it could save you
consequences. thousands of dollars and peace of
mind in the end.
As a person that thinks about and
About the Author:
Dr. Taffy Wagner is a published author and an inspirational/motivational speaker. Her latest book is Homebuyer’s Helper (How to Have and Hold on to your House). Dr. Taffy is the financial coach for Christian Business Talk Radio. Visit her at her website http://www.taffywagner.com.
Read more articles by:
Taffy Wagner
Article Source: www.iSnare.com 
