(Kristen) Welcome to Money Matters at 757 with Justin Chastain. And Justin, if folks are thinking of buying a home right now, what are some of the things they need to be considering?

(Justin) So, there’s several things, but let’s start with the positive, right? New Year, let’s start it off on the right foot.

(Justin) The positives would be, over time in the average, home ownership and the value of your home appreciates. The other thing is you get to be able to customize the home more to your liking; there’s not as many restrictions. And, as long as you have a fixed-rate mortgage, your payments are usually fixed for the life of the mortgage, 15, 20, or 30 years.

(Justin) But now, let’s talk about the other side of that coin, right? What if your job travels or you move a lot? Home ownership might not be for you right now. The other thing you need to consider is, too, do you have the budget in place to be able to afford the payment or the down payment? But, again, always go back and ask your trusted advisor to see if it aligns with your values.

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