4 Money Tips for New Homeowners
It's exciting to buy a new home. Start off on the right foot with these 4 money tips for new homeowners.
Create a new budget
Buying a home will necessitate preparing a new budget. Factor in mortgage payments, additional expenses and property taxes.
Prepare to spend money on repairs and maintenance
Besides the monthly mortgage payment there will be large and small expenses associated with owning a home.
Expect your property taxes to go up
Expect that your property taxes will increase and budget accordingly.
Don't get caught off guard when big payments come due
Try to wrap your property tax payments into your monthly mortgage so you aren't caught off guard by a large bill.