You Do Not Want To Be "House Poor" - Here's How To Avoid It
12/27/22 • 8 min
We don't know about you, but the thought of sitting in a big new house without furniture or a completed yard sounds like a pretty bad situation. That is why when preparing to buy a house it's super important to account for all expenses. We're talking everything - beyond the downpayment and closing costs. You do not want to be "house poor" after purchasing your first home. Keep in mind that, yes, while the idea of buying your dream home might cloud your judgment, you'll still have an entire life to finance even after the sale is finalized.
In this episode mortgage expert Ivan Simental NMLS# 1762746 explains the meaning of "house poor" and teaches you how to properly prepare so that you don't find yourself in such an unfortunate, but totally preventable situation.
The Mortgage Reports Podcast is operated by Full Beaker, inc. NMLS# 1019791
Equal Housing Opportunity.
Learn more about home buying, refinancing, and real estate investing at themortgagereports.com
We don't know about you, but the thought of sitting in a big new house without furniture or a completed yard sounds like a pretty bad situation. That is why when preparing to buy a house it's super important to account for all expenses. We're talking everything - beyond the downpayment and closing costs. You do not want to be "house poor" after purchasing your first home. Keep in mind that, yes, while the idea of buying your dream home might cloud your judgment, you'll still have an entire life to finance even after the sale is finalized.
In this episode mortgage expert Ivan Simental NMLS# 1762746 explains the meaning of "house poor" and teaches you how to properly prepare so that you don't find yourself in such an unfortunate, but totally preventable situation.
The Mortgage Reports Podcast is operated by Full Beaker, inc. NMLS# 1019791
Equal Housing Opportunity.
Learn more about home buying, refinancing, and real estate investing at themortgagereports.com
Previous Episode
Top 5 Cities to Invest in Real Estate 2023
If you're looking to invest in real estate it's important to know which cities offer the most potential and return on your investment.
In this episode, Ivan Simental NMLS# 1762746 discusses the top 5 cities to invest in real estate.
The Mortgage Reports Podcast is operated by Full Beaker, inc. NMLS# 1019791
Equal Housing Opportunity.
Learn more about home buying, refinancing, and real estate investing at themortgagereports.com
Next Episode
Should You Buy The Best House In a "Bad" Neighborhood?
We hear the same advice all the time - buy the worst house, in the best neighborhood. Is this always true? Are there times when it's actually better to buy the BEST house in the worst neighborhood? Is there a middle ground?
In this episode, mortgage expert Ivan Simental NMLS# 1762746 talks about the situations when buying the ugliest house on the block have paid off big time. Later, he discusses the pros and cons of buying the nicest house in a "bad" neighborhood.
The Mortgage Reports Podcast is operated by Full Beaker, inc. NMLS# 1019791
Equal Housing Opportunity.
Learn more about home buying, refinancing, and real estate investing at themortgagereports.com
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