Unexpected Costs for a New Homeowner

new homeowner

Buying your first home is an exciting (albeit expensive) time in the life of any new mortgage payer. Unfortunately, you’ll discover fairly quickly that you’ll also need to pay fees for services and taxes you didn’t even know existed. Here’s a list of some of the extra expenses you can expect to come across as a new homeowner so you can ensure you have enough saved up before signing on the dotted line.

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Tips for Saving up for a Down Payment

It can be tough just making all of your monthly payments on time each month, so it’s not hard to understand why so many people are deterred by the thought of trying to save up for a down payment on top of their regular bills.

The important thing to remember is that it can be done. It’ll require some serious re-organization of your finances and dedication to cutting down on extras (like that latte you get every morning before work) but we’ve got some tips to help you save up for your down payment no matter what your current financial situation.

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Moving to the suburbs or the city?

moving

Maybe your current place is feeling just a little bit too small. Maybe you’re tired of car alarms going off at all hours of the night and noisy neighbours and paying way too much money in rent or for your mortgage. On the flip side, maybe you’re tired of the long commute to work and back every day. Maybe you find the cookie cutter houses on every suburban street depressing. If you’re seriously considering moving from the city into the suburbs (or vice versa), there are a few things you should ask yourself first.

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