So, what’s a cash flow budget you ask?
Take into consideration monthly funds that go beyond just your mortgage payment.
Costs to consider:
• Property Taxes
• Home Insurance
• Condo Fees
• Heat
• and more!
Being house rich and cash poor can limit your ability to enjoy not only your home but experience life outside its four walls. The home you can comfortably afford may be dramatically different once you make a cash flow budget. You should always make sure you are comfortable with the monthly fees based on your situation today