Most houses dont come cheap, so if youre looking to buy, you want to be smart.
And typically, the longer you plan on owning the home, the better.
Personal finance blog MoneyNing explains why, suggesting the five-year rule in the process.
Despite the standard 30-year mortgage, most people dont live in their homes for thirty years.
Otherwise, youre probably going to take a hit financially.
The first hit is your closing costs.
Every time you go through closing buying and selling money hits the table.
For more insight, check out the full post.
The Five Year Rule for Buying a House| MoneyNing
Photo bydaryl_mitchell.
