Tuesday, July 6, 2010

Home Costs

If you have to take a home loan go with a 15-year fixed mortgage where principal, interest, taxes and insurance doesn't exceed 25% of your take-home pay. You shouldn't have any other debt either.

This is stress-free home ownership. It also allows you to easily set aside 1% - 3% of your home's value in a fund for home maintenance, repair, and upkeep.
More Debt Management

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