For many of us, “home” means sanctuary, family, the place where we replenish ourselves, and feel safe and grounded. For this reason, when the time comes for us to choose and buy our own home, the decision is often deeply emotional – or even impulsive. With everything else that “home” means, however, it is also one of the biggest investments you will ever make. This means you must enter into it rationally, and with care.
Did you know? Every mortgage payment is a form of savings because it increases the amount of your home that you own, known as the “equity” in your home. Renters are not able to build equity with their monthly payments.