Buying a Home
More than just an investment
Buying a house can be exciting, challenging and a little scary—all at the same time. For most of us, it's the biggest purchase we'll ever make. And for many, it's the fulfillment of a dream.
Certainly, financial considerations are a big part of buying a house. But before you get caught up in sale prices and potential appreciation, remember this: Buying a house isn't about making your money grow. It's about the quality of your life.
Making sure you're ready
Once you've decided you really want to own your own home, there's a lot to consider to make sure you're ready and able to take on this kind of financial responsibility. Start with the following:
- Understand whether buying or renting makes more sense for you.
- Calculate how much you can afford.
- Find out which type of mortgage best suits your needs.
- Consider additional costs.