The 3 worst...3. Stretch to buy a house# Living
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3. Stretch to buy a house
Beware, homebuyers. Everyone around you is conspiring against your financial
best interests.
Your real estate agent wants you to buy the most expensive house you can: the
higher the price tag, the bigger her commission. Your lender is in cahoots, as
well. Not only will a larger loan rack up more fees and interest, but also the
lender knows you’ll move heaven and earth to pay your mortgage even when you
’re falling behind on other bills.
Your friends and family also may
Beware, homebuyers. Everyone around you is conspiring against your financial
best interests.
Your real estate agent wants you to buy the most expensive house you can: the
higher the price tag, the bigger her commission. Your lender is in cahoots, as
well. Not only will a larger loan rack up more fees and interest, but also the
lender knows you’ll move heaven and earth to pay your mortgage even when you
’re falling behind on other bills.
Your friends and family also may