Is Homeownership Right for You?
Do you enjoy moving often?
Do you prefer using your savings for such things as vacations, retirement or starting your own business?
Do you enjoy not having to worry about regular maintenance and repairs?
Down payment: The portion of the home price that is not financed by the mortgage loan. The buyer must pay the down payment from his/her own funds or other eligible sources before securing a mortgage. It generally ranges from 5% to 20% of the purchase price but can be more.
Mortgage payment: A regularly scheduled payment that is often blended to include both principal and interest.
Property taxes: Taxes charged by the municipality where the home is located based on the value of the home. Read more
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