take the extra step to determine how much house they can actually afford based on the goals they have and the life they want to live.
Do yourself a favor and do a thorough review of your assets, liabilities, income, and expenses (or hire a financial coach) to figure out how much you can comfortably spend on a home to avoid being stuck with an extended mortgage period. Buying a home below your means will give you a good financial cushion to be able to make extra payments throughout the year.
2. Consider Bi-Weekly Mortgages Payments
Do you want to know how you can make more payments towards your mortgage every month without increasing your sources of income or decreasing expenses?
Here’s a mathematical goodie that you should be aware of: make bi-weekly payments.
Instead of making one payment per month, you can make half of your monthly payment every 2 weeks and you’ll