Seeing those dollars on a screen is one thing; but actually shelling out for them every month on a mortgage bill?
That’s a whole other ball game.
Here’s a tip we often share with folks eyeing a home purchase: “practice” making mortgage payments. It might sound a bit unconventional, but it can really get your mind in the right place.
If your new payment exceeds your current one (be it rent or a mortgage), start tucking away the extra cash each month. Does your budget still fit? If not, it could be a sign to rethink the type, location, or size of the home you’re eyeing.
Have questions about home budgeting? We cover this topic in depth on our buyer consult calls. Schedule one at the link in our bio!
“Bringing You Home to the Good Life”
Morrison Bifford Real Estate Group
Royal LePage Locations West Realty
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