How to Avoid Being House Poor: Smart Tips for Home Buyers -- AllGen

Buying a home is one of the biggest financial decisions you'll make, and it's crucial to avoid becoming house poor. In this video, we discuss practical rules of thumb, like keeping your mortgage payments under 25% of your take-home pay and ensuring all housing-related expenses stay below 30%. Learn the importance of having a solid down payment, choosing between 15- and 30-year mortgages, and planning for additional costs like taxes, insurance, and utilities. Whether you're a first-time homebuyer or just looking to make a wise investment, these tips will help you make the best decision for your financial future.

Get into a house you love without causing financial stress.

Speak with a financial advisor to get your financial planning questions answered: https://www.allgenfinancial.com/conta...


If you have any questions, call us at 407-210-3888 - we're here to serve.

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100 W Lucerne Cir #200
Orlando, FL 32801
(407) 210-3888