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Friday Q & A

Today’s Q & A is related to this week’s homebuying series.  Here are some common questions and their answers.
Condo/townhouse vs house - which is better? 
Well there’s no definitive answer.  Only you know what’s best for you.  Price aside, the main difference between attached and detached housing is lifestyle.  Do you want to share common areas [...]

So You Want a House - Part 4

I may come back to saving on discretionary spending but a convo had with a friend last night makes me think this aspect is much more important.  JUST BECAUSE YOU CAN AFFORD A MORTGAGE DOES NOT MEAN YOU CAN AFFORD A HOUSE!  The fact you that you pay $900/month for rent doesn’t mean you can afford a [...]

So You Want a House - Part 3

Today’s topic is WAYS TO SAVE.
You have two types of expenses - fixed expenses and discretionary spending.  Let’s talk about fixed expenses first.  Not all of those are as fixed as you think.  While you probably can’t do much about your rent, there are ways to lower other expenses.

TAX REFUNDS ARE NOT A GOOD THING!  If [...]

So You Want a House - Part 2

This is the second post in my homebuying series. The second step in the homebuying process is GET YOUR MONEY RIGHT.
 

Open an online savings account. Why not a “regular” savings account, you ask. An online account will give you a better interest [...]

So You Want a House - Part 1

For several weeks now, news broadcasts have stated that it’s a “buyer’s market” due to the increasing number of foreclosures as well as falling interest rates. If you’re someone who’s interesting in buying in the near future, there are several stes you need to take so this will be a series of posts. [...]