BUYING A NEW HOME
buying a new home - make your dream home a reality
we help you make one of life's biggest purchases without sacrificing your long-term goals. we’ll walk with you every step of the way, from planning your budget to planning for what comes next, so that you don't end up house-rich but savings-poor.
a major investment
buying a home is more than just a milestone -- it's a long-term financial commitment. we help ensure your new home fits the budget and overall financial picture, ensuring it aligns with other medium to long-term goals like college savings and retirement.
mortgage planning
we break down what you can truly afford, not just what lenders approve. we recommend that housing costs including insurance and property tax stay within 30% of your net income as a sustainable target vs. other goals -- avoiding overextending while still keeping you on track with your other goals.
beyond the pricetag
a home isn’t just a purchase. it comes with taxes, maintenance, insurance, and lifestyle changes. we help account for those and make sure you are financially prepared for the full picture, so that you can enjoy your new home without feeling financially stretched or overwhelmed.
case example
one of our family clients was preparing to purchase their first home – valued at $180,000 – on a single income earning about $80,000 per year.
we ensured that the net monthly payment for mortgages, tax, and insurance was no more 1/3 of her take-home pay – a net of $60,000 per year or $5000 a month. to achieve this, we recommended a 30% down payment, bringing their monthly housing expenses down to $1500. this allowed them to have room for savings, retirement, furnishings, and vacations. now, the family’s income has grown to $180,000, allowing them to save significantly towards retirement.