You saved up that down payment—and those extra closing costs. The furniture has been bought and the rooms have been painted. You've sent the movers a deposit and even paid your first mortgage payment! You're past the most stressful financial part of homeownership, right? Not so fast. A large portion of American homeowners say they're still facing financial anxiety—even after move-in day.
According to NerdWallet's 2019 Home Buyer Report, one out of four new American homeowners say they no longer feel financially secure after buying a home—even though their home may be the biggest single investment they have. This number's even higher for first-time homebuyers: 34 percent of them feel less secure money-wise after the big purchase.
So what gives? Apparently there are a lot of misconceptions during the home-buying process that lead to some financial instability and anxiety as homeowners.
from Apartment Therapy | Saving the world, one room at a time https://www.apartmenttherapy.com/nerdwallet-2019-home-buyer-report-financial-anxiety-267322?utm_source=RSS&utm_medium=feed&utm_campaign=Category%2FChannel%3A+Main
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