Buying A House-What I Wish I Knew Then

Someone recently asked me, "What is one thing you wish someone had told you when you first bought a house?”

I thought about it and this was my response:

 

"I wish someone had told me that debt was a bad thing.  Instead of using my house as a credit card I should have been focused on paying it off as soon as possible.  Times were different and values were escalating quickly."

 

Even though we lend money (create debt) for a living, we should make sure people understand that debt, any debt is just that, a liability on your personal balance sheet that is costing you money every minute you owe it.

 

Not only is it our goal to help you find the house of your dreams at the best interest rate, we also want to make sure our customers know the difference between what they qualify for and what they are comfortable paying.  Among other things, we want our customers to know how much property taxes can affect the monthly payment so you can budget accordingly.  We will even give you tips on how to pay down the loan more rapidly.  And of course, educate our buyers on special programs and funds for those who qualify.  We walk you through every step of the process, because the last thing we want to hear from our clients if asked the same question is: "I wish someone had explained the entire process up front."

 

What do you wish someone had told you before you bought a house???