Comments Off on Buying Your First Home: Equity, Insurance And Taxes
Editor’s Note: This is the second of two articles adapted from “Buying A Home,” Chapter 8 of The High Achiever’s Guide to Wealth
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Once all the closing papers are signed on your new home, you are apt to feel relieved and excited. Congratulations: You’re now a homeowner.
Buying your first home, however, does not have a one-time effect on your finances. Homeownership will touch many areas of your financial life, including savings, insurance and taxes. While even a two-article series cannot fully cover the financial impacts of owning a home, this second part will introduce you to some of the major considerations you should bear in mind after you have made it past move-in day.