Preventive Medicine For Your Home

We all know that one the largest assets we will own in our lifetime is our home.   I’ve never really seen a ton of good articles on the cost of home ownership, but having personally owned over a half dozen homes, I can tell you that all homes required their fair share of upkeep.    Even though we may not be in the market to sell our homes, we are constantly watching the sale of our neighbors homes or checking out the prices on websites like Zillow to see where the value of our home stands.     We can convince ourselves that our home is in tip top shape until the time we get an offer on the home contingent on the dreaded home inspection.    A good home inspector gets paid in part to look within every nook and cranny in the house to find out what may be wrong with the property.    After the inspection, we can almost become incensed that ...

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5 Disaster Financial Moves

After almost 20 years of giving personal financial advice, I thought I would share the secrets I know about becoming financially successful.If you avoid these 5 disaster financial moves, you should have a good chance of becoming prosperous and hitting your goals. If you have made one of these already, it may be time to come see us to show you how to get back on track. 1) Buying More Home Than You Can Afford – This is my top one as it will truly cripple your long term financial plan. Years ago, I had heard of a very simple financial ratio called the primary obligation ratio which said that your mortgage payment shouldn’t be much more than 28% to 34% of your total gross monthly income.  Use that statistic in conjunction with putting 20% down on your home purchase and you will typically avoid this number one financial disaster.  It is impossible to squeeze into a home financially like you would ...

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There is a reason 20% down should be required!

For many years, the rule of thumb for first time homebuyers was to put 20% down when you bought your first house. Over the past decade we saw that rule pretty much fade away. Attracted by no money down loans, it was easy to qualify to get into a home that was likely to be several hundred thousand more in value than you could probably afford. ...

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