There are many issues to consider as you think about buying a home. Owning a house can be a source of pride and a sound long-term investment. There can be tax advantages in owning a home. It's a great way to assure that you save and invest your money.
Planning calculators usually tell you how much house can you afford. But we also ask the important question: Even if you can afford it, how much money do you really want to spend?
There are other aspects of life to take into consideration.
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Will you be funding college for your children? |
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Are you caring for elderly parents? |
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Do you plan to start your own business? |
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How soon will you be retiring? |
Even if you're just starting out and you don't have many of these competing financial goals, it's important to consider the different facets of your life.
Take a look at your finances in our What-If Scenario and find out:
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