Tag Archives: housing affordability

The True Cost of Homeownership: What You Pay Beyond the Mortgage

When most homebuyers think about affordability, they focus almost entirely on one number: the monthly mortgage payment. It is the number lenders qualify them for, the figure discussed during showings, and the benchmark most buyers use to set their price range.

What that number does not capture is the full cost of owning a home once the keys are in hand.

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Downsize Your Home, Rightsize Your Life

Downsize Your Home, Rightsize Your Life: How to Choose the Ideal Smaller Home, Pam Fraser.  Picture of the front of a home.

When you’ve lived somewhere for many years, it can be tough to say goodbye. But if you (or a loved one) currently have a home that is bigger than necessary or is too high maintenance, it may be time to trade unused square footage for a smaller, more manageable space and downsize your home.

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