You are surrounded by moving boxes. All you need is a can opener so you can feed the dog. Now, if you can only find the box marked "kitchen gadgets" . . .
Moving into your new home, whether it is your first or the completion of your newly constructed dream home, requires work. The financial and decision-making processes that put the keys in your hand took time and energy, too. But, you are now home. If only you can find the can opener.
Before You Buy
- Save for the down payment - Take time to evaluate your current expenses. Make saving a priority. To assist you in making a savings plan, calculate how much you need to save for a down payment with our financial calculators.
- Borrowing from your retirement plans - Several types of employer-sponsored retirement plans offer the ability to take a loan for a purchase of a primary residence. There are usually positives and negatives with this option. Contact your retirement plan sponsor to find out more.
Are You Covered?
Now that you are finally in your new home, have you updated your insurance coverage to meet your needs? Beyond homeowners insurance, you may need to update (or buy)
life insurance and disability coverage to meet your financial needs, in case something should happen to you.
Talk to an agent or advisor about the best practices for protecting your financial goals when buying or selling a home.
