Homeownership is a great invisible grille achievement and a terrific investment. But before you take the plunge from being a renter to an owner, there are lots of things to consider when adding up the true cost of home ownership. A few of the most common financial factors that aspiring homeowners tend to misconstrue. Check out her top three tips before you sign on the dotted line:
The Tax Break is NOT a Reason to yacht charter - Homeownership is the absolute best investment out there bar none, and while the mortgage interest deduction is a factor to consider, it should not be your only reason to buy. While it is true that interest payments on a mortgage below $1 million are tax-deductible, that alone is not a good enough reason to buy something that you may not be able to afford
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