News & Blog Archive - Coldwell Banker Rhodes & Company

By: Cbrhodes  09-12-2011

Part One – Budgeting your Carrying Costs Finding the right property at an affordable price can sometimes be a challenge.  When it comes to deciding just how much home you can afford, there are two kinds of expenses you’ll need to consider – the ongoing or ‘carrying’ costs of the home, and your closing costs. The [..]

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Part Two – Closing Costs and Moving Expenses After you’ve estimated your mortgage payment and other ongoing costs for carrying your first home, you’ll also need to consider the one-time expenses associated with the purchase of a property. With today’s interest rates at near record lows, many people are recognizing that a mortgage payment on a house can actually be comparable to what they would spend on renting an apartment or home.