The most expensive investment you make in your life is purchasing a home. Though buying a new home is a symbol of long-awaited financial security and professional triumph, getting caught up in the excitement of signed mortgage loan documents and “sold” stickers slapped on for-sale signs can work to the detriment of first-time homebuyers.
That said, you’ll need to verify that you can afford the mortgage, fees, and utility expenses that accompany homeownership.