On the House: Should I Max Out My Budget To Buy My First Home?
Abstract
It's hard not to buy a home at the top of your budget when prices have hit record highs and mortgage rates are climbing. Buyers with high child care, medical, or other costs might want to spend even less. You likely want to have enough left over every month to put some savings aside for emergencies, vacations, retirement and even summer music festivals. Maintaining a home isn’t easy. It’s difficult to leave enough for rising costs. If you’ve kept your mortgage payments, and the rest of your expenses.
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