Tag Archives: home ownership

Are You House Poor?

When it comes to buying a home, there are so many emotions and dreams wrapped around this purchase that it can become difficult to make a level headed decision. Many people have their dream home already in their minds, and it can be frustrating to realize that you may not be able to afford every feature that you want right away. You may be tempted to go over your original budget, but be careful because you do not want to end up house poor. Being house poor means that you are putting too much of your income into your house, … Continue reading →

Our Condo Story Part 3… The Conclusion

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Part 1 covered our pursuit of our dream of homeownership and Part 2 touched on the horrors of mold. Okay, so listen what happened next… The water damage was along our common wall so we notified our neighbors. They were not having any leak problems. We thought the water must be coming from the roof since there wasn’t any other places it could have come from. We’d had over a month straight of rainy days. With everything that had happened so far, we were not excited about going into the attic. We thought either we’d find a body, drugs or … Continue reading →

Mortgage Borrower Cautions

As you begin the process of looking for a lender on a home, you will have a number of considerations to protect yourself. While most lenders are honest and eager to work hard to make your dream come true, there are some more eager to simply make a buck without giving the borrower much consideration. Therefore, we wanted to provide some mortgage borrower cautions so you can buy your home without major complications. For one thing, be aware that if you have less than perfect credit, most lenders will want to be compensated for taking on the higher risk. Therefore, … Continue reading →