COMMERCE 4FP3 Chapter Notes - Chapter 7: Down Payment, Loan, Title Insurance
7 Mar 2019
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Your lifestyle, needs, desires, and attitudes are reflected in your choice of a place to live: personal preferences are modified by financial factors. Still need some financial guidelines: opportunity costs of housing choices, while the opportunity costs of your housing decision will vary, some common trade-offs include: Interest earnings lost on money used for a down payment or the interest on a security deposit for an apartment. Time and cost of commuting to live in an area that offer less costly housing or more space. Time and money to repair and improve a lower-priced home. Time and effort when you have a home built to your personal specifications: money spend on all housing upkeep and maintenance is not available to go towards investments, housing information sources. Information on housing is available and you should research your purchase in advance: books like this one and other in the library, real estate section of the newspaper.
