Earlier this year, my wife and I closed on our house in Houston. While she's a previous homeowner, this is my first go-round. And I'm lost. Part of my uneasiness is leftover PTSD from seeing my savings account slashed by a cashier's check, but most of it stems from knowing that everything within those walls is my obligation.
Of course, the decision to buy is a complex one, often depending on your own job situation and your current credit rating, as well as having enough savings for a down payment. But you can work your way through those issues -- if you believe in the benefits. Here's why you should consider buying now.
I get a lot of questions regarding the costs of owning a home, typically about saving for a down payment or paying off a mortgage. But homeownership involves numerous other costs that can impact your budget. So as the spring home-buying season gets underway, I thought it would be a good time to step back and look more closely at the ongoing financial realities.