Ask Paula: "Should I Put My Dreams on Hold … and Buy a House Instead?"
Afford Anything
Analyzing the Financial Implications of Buying a House
This chapter delves into the financial implications of buying a house, including the math and costs involved in selling a current property and using the proceeds to purchase a new home. It explores the concept of contingency loans and discusses the advantages of making a contingency offer in a less competitive market with higher interest rates. Additionally, the chapter suggests alternative plans for purchasing a home without the risk of a home sale contingency.
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