Buy What You Can Afford Now, Not Later, to Avoid Homebuyer's Remorse

It seems like fairly obvious advice, but its also advice thats really easy to overlook.

You might get a windfall of $100,000.

That doesnt necessarily mean you’ve got the option to afford a $500,000 home.

Over at MoneyNing, writer Connie Mei offers a few tips on how to avoid homebuyers remorse.

There are a few ways to ensure youre buying within your means.

First, consider your net worth.

Some experts suggest your house shouldnt be more than 40-50% your net worth.

Thats why its probably best to factor in all of these rules, including the20% down payment rule.

Before you actually buy,live like youre a homeowner.

For more tips, check out Meis post at the link below.

How to Avoid Home Buyers Remorse Before its Too Late| MoneyNing

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